Does it Reduce your equity?

If it is to play it safe and have a feel for the type of actual operating income that the property can produce before you put debt on it, that's a safe and solid idea.The good news, however, is that you're likely going to be purchasing a furnished property.

Current annual income is $101k-Annual rent increases of 3% are realistic making annual income after 10 years $136k-If interest rates lower a refinance would lower annual mortgage expense-an added bonus over time would be appreciation (which will likely not happen within the next few years)Thank you for any input!

How would they determine qualifying income?

Housing is always a plus and depending on the location the city might be willing to reduce required parking for the location depending on the circumstances, street parking, or walkable public lots. 

That would piss any person off even in the high income realm.

I am trying to get an asset based loan my fiance and I don't have the best W2 incomes but we have enough assets to foot the bill. 

Perfect passive income play, but we relocated overseas.Problem: How can we amplify the reach and attract savvy investors?

It boasts one of the highest per capita incomes in the state paired with one of the largest growth percentages within 100 miles.

Maybe focus on getting that income up along with paying debt down.