A no income no doc DSCR (debt service coverage ratio) would be a great option for you .

@Tony Manning depending on the county there are programs to help with the costs, but requires tenant income restrictions.

Lots of risk that you can't control and it is taxed as Ordinary Income plus the IRS will see you as self employed so you will pay all of the Social Security tax and perhaps a 2.5% extra tax if you make over $250k. 

Since I was a medical student, I've always been passionate about making smart investments for my future, and real estate has piqued my interest for its potential to generate passive income and build long-term wealth.

How can I increase income from this property? 

I've heard you can designate a family member as an employee and avoid taxes if you keep their income under a certain limit.

Your incomes will be combined when you qualify for the loan, and both your names will be on the deed as “tenants in common.”

You'll pay ordinary income tax.  

Mitsubishi Estate has purchased a lot of real estate for the intake of new foreigners that will start to receive a Digital Nomad VISA for Japan. https://visaguide.world/news/japan-plans-to-construct-10000-...If this opens up the amount of time foreigners with proof of income can come and visit, even if it's a year, I will re-open up this as an option. 

Are you talking about what would be deemed as income to determine if benefits are taxable?