Finding something like what you have described is going to be really tough using MLS.

This community is really exceptional and already proving to be such a great resource in so many ways.Originally posted by @Justin Windham:@Tea RussellWelcome to Bigger Pockets!

If you wanted to do other strategies then Hawaii would be tough.

Say they have a long term marriage like commitment - can prove they resided together on a lease and live as a married couple you may be able to get an exception to blood/marriage rule.

Shoot for a couple deals within your own cash to prove a track record.

From the little bit I know from reading about start-ups, it is very tough to break into that ring without some help or knowing people in the industry.

I suspect what you're facing here is too low of a rent but that's gut speculation, not math.If the rent proves out to be right for your area and the cash flow is still as light as what you describe, in a market like this selling would bring on significant equity capital for a more carefully planned deal. 

Like @Grant Schroeder said, as long as you have 2 paystubs and can prove you have an agreement, there shouldn't be an issue.  

Hi Edwin- it's tough to give you a concrete reply without knowing more details about the property and the Seller's motivation.

Most cities will alllow water billing if you can prove you have proper metering setup, so tenants are actually charged per usage.Pretty sure companies offering submetering will be able to assist with the legalities and they are cheaper than paying city for another meter.