AirDNA shows potential earnings of $79k gross per year.

Dear all,I am new to real estate rental investment and looking to purchase my first rental property as a source of passive income. 

.: @Indrani Peyton There are more details than just simply getting approved for 400K with a minimum 27K income.

From most of the deals I have seen, a lot of people in Oregon are BRRRRing and can buy deals undervalued and rent them out with solid rental income. 

It can serve two purposes, provide a roof over your head and still provide some income to OFFSET your LARGE MORTGAGE payment, since you are considering putting 5% down.  

Or a $1million paid off property you could keep for the income, depreciate for the tax writeoffs, or sell and net $920k tax free.

YES, CMHA may pay 100% or a % from the tenant based on their income.

To add to that, where high income people are moving. 

Wholesalers always like experienced investor but people just starting also need deals and they simply just don’t know to go to wholesalers if you can build their trust of wholesalers it can go a long way, then introduce them to hard money as a way to finance the rest of the deal- they don’t need income verification with hard money good luck :)

If so, knock that down to about 40k income.