You example needs to be evaluated using all sources of return. 

Or could make an educated guess (with link/ sources of course ;-)). 

But you are correct that you will need a source of income to get a pre-approval from the banks to help you take the first step.

Does anyone know a good source to find inventory?

I have lived in Macon and think it’s a food area but please advise other wise.

We pay my brother in law's rent of $900 at his college in SoCal plus his food and we pay his college tuition of around 24k per year.

Of course, if you have little or no other income source and the real estate earns only 6% net while each $1 borrowed requires 6ct to service, the 30% coverage income rule would only let you borrow 30% LTV, the lender will allow higher LTV because a distressed sale will be ok for lender, but the borrower will likely lose everything.

Some lead sources I'm working with throw out deals that require all cash.

However I have  a few doubts:1) Is there any source geared towards non citizens on buying property that I could look into ( books, or brokers)?

Any sources that I could turn to for help?