What I meant was, depending on the brokerage firm and if you qualify for margin, you may be able to deposit the funds and buy some equities paying a dividend. 

I am no expert, but on #2 for an SUV is $25k you can write off.I believe a pick up with a 6 foot bed could qualify for full purchase price.

@Grace GreenWelcome to Biggerpockets.

You may even be able to qualify for an FHA if the rental properties are at least 70 miles away.

Is it likely qualify for more investment properties with a 630 credit score?

@Daniel Clem once you move in you can use Craigslists or even list it with the agent to receive pre-qualified tenants. 

Depending on your financials, you can qualify for grants and other programs that minimize or eliminate your down payment, typically on multi families 4 units or less.5.

Thank you Casey.Of course my second post was not a lease option,only an alternative deal.The lease option is for tenants who want to,and realistically will qualify to buy in 2 years and lock the price now, in an appreciating location like Sunnyside Gardens NY 11104.

Can i qualify if I move within 1 hour of the property?

If you recently became self employed than you will have to wait for 2 yrs before you will qualify for a FHA loan.