To assume an FHA mortgage you have to be approved as to credit score and debt to income ratio.

Goal is to replace W2 income, initially. 

This family is currently searching for a home, and our agent, who also represents them, has generously offered to waive any commission for connecting us.After outlining our standard tenant qualifications—which encompass application requirements, income verification, rental history, credit score, background checks, a non-smoker policy, occupancy guidelines, pet policy, application fees, and move-in costs—our agent indicated that the extensive discussions and adherence to these requirements "equals a full commission of one month's rent."

I'm financially stable with good income, low debt, and good credit score. 

My current W-2 income will probably not be enough to qualify for the loan, but my income from my current property, which has existed for far less than the two years lenders will look for, gives me more than enough money to be able to handle the payments on such a loan, if I could qualify. 

I’m active duty Air Force retiring next February!

I rent every room in my house out that my kids are not in so that brings me  1500.00 more I get 1000.00 from the trust only but grateful I get it  and I have another rental I covertly rented for 1700.00 I am actually working on two more rentable places in basement and a tiny home I got a good deal on to rent as well.that will bring my income to almost 7500 a monthI have a resource to get 140,000 k as long as long provide a house to them they can rent for the rest of their life,they are sick and we talked the terms out as he will sign the house over upon death.

Then we take time to review proof of income documents, picture ID, check landlord references, etc.

I would suggest a few things: 1. don't make repetitive log entries every day " managed rental, did calls" copied and pasted 50 times likely would be thrown out in an audit for example. 2. make sure you are materially participating in your rental activities. 750 hours is not enough, you need to pass the second test of material participation in the rental activities to turn that activity from passive to active and claim the deductions on your active income. 

Finding creative ways to earn side income.