She came out of a recent divorce with close to $1M liquid and a credit score in the 800's, has history as a successful GC/landlady, but after liquidating her previous rental properties due to divorce 2 years ago, no longer has recent income.

Is it possible to use the projected income of a str property built in 2024 and use that income to help qualify for a heloc on another property

Given they want to cater to lower income tenants, I would be interested in their collection rates, which I bet aren’t great.

@Jason SelfThe only way to tell is to do a market comp, and to find out the median income in the area.

Starting my wholesale journey right now :)I have some experience in buying real estate for rentals and flips.As a rule I made for myself, I won't work in areas where I know crime levels are high and are generally low income areas, becasue I know how hard it is to sell them (if its a fix & flips) or rent them.Nowadays I'm looking into starting my wholesale business and was curious about that...Does it matter for the cash buyers?

That is about right for pricing, IMO this whole lead thing is a total scam, just and income generator for the city 

It could mean that the neighborhood is gentrifying, if it was a lower income neighborhood in the past.

Monthly income from the rental is $3,400 ($3,100+$300).

You can potentially own the property with no out of pocket costs (rent covers expenses and then some) PLUS you get the added benefits of equity, appreciation, and continuous income from the rent/cash flow.  

I have good credit, but not sure how to obtain financing with my current income so I am looking for financing options that don't require me to provide 2 years proof of income.My current plan is to do the following but would like a professional opinion before proceeding.