If their combined income qualifies them for a 119k house it's likely a big purchase from their perspective.

@Jack B.ANYTHING, as you pointed out, can be faked.BUT... if you are doing that for an apt, you risk committing a crime by falsifying information.So, let's say a tenant has the following:- NO CRIMINAL HISTORY from the Report- HIGH CREDIT Score from various sources- Qualified and Verifiable Income from their Employer- NO EvictionsAfter checking all of that, they then submitted a FALSE 6 months bank statement?!

While under certain circumstances it might be possible to create a partnership between qualified plan and disqualified person there is always likelihood that  such arrangement may lead to a prohibited transaction.

SMC 14.08.050 requires landlord to accept first qualified applicant.

This program does not work for passive real estate holdings, which do not qualify. 

I know my local area though and those rules are the very basic first step to qualify a closer look. 

My out of state investors I currently work with, our first few introductory calls we spoke about 20-30 minutes each, just educating them on our market - areas, traditions with PM, etc.If I can ever be of any assistance or a sounding board, don’t hesitate to reach out.

I also like a lot of water sports like surfing, paddle boarding, diving, fishing, foraging, and motorcycle stuff.I can justify the expense because I call it a "business facility" and I always love going in there to organize and play with my toys or work on my ventures.

@John Warren also it is pretty even across the board.

If you can qualify for the loan and cash flow after all expenses you could start now using your savings as a down payment.