They asked about fico and income.

Can you (or someone else in your house) find a part time job to bring in extra income? 

Here are some considerations regarding the tax implications and getting started in real estate investing:Tax Implications: Cashing out stocks may trigger capital gains taxes, depending on factors such as your income tax bracket and how long you've held the stocks.

I do have to pay taxes on the income, but some of that I can offset with expenses from other rental properties. 2.

While seller financing offers numerous advantages, including tax benefits and continued income for heirs, it seems he's set on selling for cash.

The renovation will convert a row single family home into 3 family home ( the layout is already there ):- the first flow will be 1 bed, 1 bath- the second floor will be 2b, 1bath- the basement.If those 3 rents, I can easily have $1800-$2000 in gross rent per month.So any creative financial idea I can propose to him?

If cash flow is your top priority, Cleveland's reliable rents and predictable income could be a strong contender.

You need income of $6300 or more if you have a car loan/student loans/credit cards.

It is no doc as far as verifying borrower income and such so its rare that the deal falls out

Deferred Taxes and Tax ReductionCost segregation studies can reduce taxable income for property owners both during their lifetime and within their estate.