Have you tried to lower the deposit or the rent or loosening your credit qualifications.

Im buying as cheap as i believe to be possible for such houses right now so im hoping that once home financing loosens to some extent, appreciation will follow. also as bank collapse property dissipates (has to run out at some point) values will rise i suspect, at least somewhat.

Not counting the recent bubble, the last jump was post WWII when lending was loosened up so the returning GIs could buy houses.

Hopefully, the legislature loosens this up soon.

Roman:Those "new" regulations/restrictions on residential mortgage lending are simply a return to what lending practices were before all the loosening that occurred in the past 12 - 15 years.In Canada, an insured, high-ratio mortgage is available (through CMHC, or one of the private insurers: Genworth or Canada Guarantee) for owner-occupants with LTVs up to 95% on a SFH or duplex or 90% on a triplex or quadruplex.  

Lets hope Obama does not tighten the screws down on the banks and they do not loosen up.

I don’t know any lenders would do loan with no income verification though :( If you are saying that you don't know any conventional lenders that would give you the very best rates and terms without doing a 2 yr income verification, or have a slightly loosen criteria, then you are correct.

Lending guidelines and restrictions are starting to loosen up a bit.

From the landlord perspective there is still a strong demand for quality rentals, my houses fly off the market and I am seeing more loosening up of mortgage standards as we begin to bump up the interest rates. 

Mortgage lending has errored more liberal of late, in response to significantly reduced refinance demand (one way to make up for a loss of business in Category A is to loosen guidelines in Category B -- if less people want to buy rice, then increase your pasta offerings in your grocery store, to grow your pasta business, to make up for the decline of rice sales).