Closing costs can add up so Ive always tried to avoid them (unless you significantly save on the interest rate)Most big banks will loan 75 to 80 LTV and having a signed lease to show income on the property will help your debt-to-income ratio. 

I doubt a lender will be willing to give you a mortgage with no income.

the biggest issues are that the available tenant base drops dramatically around October and doesn't pick up again till the end of the school year.People are no different than animals in that regard.They want to be settled and hunkered down in a property before the school year and/or bad weather starts.Quality tenants with good financial backgrounds don't want to move their families in the middle of an icy,snowy winter for obvious reasons,and good college students have already started school in August.Many of the few available tenants will have questionable backgrounds like recent job loss,previous eviction,bad credit,difficult income verification and don't make 3 times the rent,criminal records,etc.   

Want to get feedback from the group.Here are the community statsMetro pop 280,000, up 12%since 2000, up 25% since 1990Unemployment 4.8%Median family income $53,000Median home price $101,00022 lots, 19 tenants, no POHAvg rent is $197, avg market rent $214 Rent includes city water, private septic, trash, lawnEstimated expenses are 49%I got a quote to sub-meter and requesting a $10,000 credit at closing so I can get that done when I purchase.

I am only looking to supplement my current income at this time.

The sole reason for the post was to simply start to build a list of potential buyers.I was contacted by a lady who has good income but she cannot get a loan because it's 1099 income.

If I rollover 100k then maybe not so much but then I have to stay not earning any income for more years to come so I can rollover some more.

An Mortgage Loan Originator (MLO) license in CA will set me back just under $1,000.A Real Estate sales person License will set me back about $1,000 also.Just starting here and I need income fast.

If this is your way to get a NJ address and out of New York City and you're a high income earner, you can factor in saving on NY City income tax. 

If you want to 10x yourself, thing bigger and more creatively....and consider hiring a coach in the area of your focus (see links - first one is from my coach on ways to get into MF investing; the second is an interview I did to share ideas on how I got involved and accelerated my experience, learning and income).