There are alternatives such as bank statement averages of 12 months, a P&L statement and exceptions to qualify based one year of income. 

The original lease has addendums (several pages) for Lead Poisoning Prevention Act and Disclosure of Info on Lead-Based Paint and Hazards. 

Do you invest solely based on appreciation?

And that's when all the dubious legal basis and opinions their transaction is based on come tumbling down.  

On a recent home purchase, I submitted an offer and I was told there were no offers on the home when I submitted mine.

Beside the “subject to” that’s recently become the subject of much debate we utilized  ”no interest short term owner financing”, the “2nd mortgage crank”, substitution of collateral, mortgage subordination, wrap loans, real estate “exchange” (not for tax reasons), sale - lease back, guaranteed rent payments, sale - buy back, land offered in lieu of down payment, zero coupon bonds as substitution of collateral, and a few others that escape my memory.  

Based off previous property taxes payed by the family member, we estimate the property to be worth roughly 100k once livable.

@Kinnari Pandya depends on what types of properties and corresponding tenants you want to deal with.The Midwest offers lots of affordable opportunities that can cashflow well.

Best part is that they would have VA's with different experiences and budget based off how long the VA has been doing property management.Feel free to DM me if you need any help or if you have plans on scaling using VA's.

Who else in the education space offers this?