This may require increasing his income for a short time working extra and cutting back on non-essential lifestyle things or improvements to the property, which isn't his yet.

For a non-warrantable condo it would be impossible.Buy it in cash and use the rent to help you with your DTI on other purchases.

Feels like there's a soft agreement between this couple and the owner.I spoke with all other tenants privately and they seem to be very happy with the current non-property-manager.I like the idea of resident lawn care, but am concerned about legality of a resident property manager (I'm new to this and not ready for employees on a small triplex).

My personal banker recommended me set up 2 separate lines of credit: revolving and non-revolving from my local credit union.

It's not super in depth but should give you a good overview of the process and key terms.https://files.consumerfinance.gov/f/201503_cfpb_yo...If you are looking for more in-depth book, like Mortgages 101 or something similar, I would recommend looking at the publication date and focusing on the most recently published books. 

But you will need to take time in learning the note business and how to choose notes wisely and what to do if they become non-performing.Being a debt investor in large syndicated deals could also be more passive and if you get into a good one you could get a pretty good return of 10% or more.  

The pickings are going to be really slim or non existent to find a SFH in the Ocotillio area. 

- Non-mortgage note on Uber: I have literally never seen someone actually do Uber for >2 years.

It’s called a non-recourse loan.

Hi @Jeff Oberts, here is a public one I created a while back if you want to check it out.