So additional income does not equate to additional value.  

If you have good credit 720 and above your rate should be around or under 7.75% with only 15% down.I have seen rates that high but last time I checked it was on a DSCR with low fico scores. 

In addition, I'd post on Facebook Marketplace, Craigslist, LandSearch, LandCentury. 

In the meantime, if anyone has additional information, PLEASE post it!

Watch out for fine print that requires an additional fee at closing - this is a huge red flag and how most flat fee companies make money.

So you can use the seller financing to get in, put in some additional rehab funds to force the appreciation, and then refinance out once the property is stabilized. 

DSCR starts at 8% for borrowers with strong credit scores (800+ which I have btw) but at 8% at 30 years 75% LTV you would need to buy at 7% cap rate to just about break even.

I am aiming for a home between 150-250k, which i can afford if all hell breaks loose, at a 5% conventional 30 year term loan (unless a lender or someone else can suggest me a better loan) My question is what are the minimum requirements for obtaining such a home (capital wise, credit score wise, salary wise) Who can i specifically talk to for these numbers and help me understand tenant demand, areas, and more specific information about my market?

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Does that mean net cash in your pocket after interest, taxes, principal, insurance, repairs, maintenance, credit card fees, etc.?