The property has been restored to its previous condition, so I'm understanding that shouldn't be an issue with the value of the property.

They could argue his earning power over the rest of his life would have been in the 10s of millions.

Continue to make my life easier!

It has been very well taken care with the major nuts and bolts like the windows, roof etc being in good condition currently but it was basically treated as "if it's renting and not broke don't fix it". 

I’ve been reading through the forums on a regular basis, I’ve read “Set for Life” recently, and I worked through creating my own rental calculator like Scott did in the book to try and better understand all of the money related aspects that go into a rental property.

Here is the story:I have 90K cashI'm looking to buy an investment property for cash flowMy credit score is great (above 800)I don't have any debtIt's the first house I'm buying Trying to get a mortgageThe problem: my income is low, 25K a year.In this conditions the banks wouldn't give me a mortgage since they say that my income minus my current rent and other expenses doesn't leave me any cash for a mortgage payment even that I would be renting out the property I'm buying and that would cover the mortgage.Any ideas how to get a mortgage with those numbers assuming I'm not going for primary house?

I assume you have a conventional loan (MIP on a fha will be for the life of the loan).

You need to inspect the two units that are in need of rehab and check their condition.

Maybe I’m misunderstanding this - .. they knew this fella was a low life grifter and yet due to an old eviction they did yet still took him in under the lease .

At this stage of your life, you need a combination of liquidity and appreciation.