Good cashflowing properties can still be found you just may have to get creative or find a different way to source properties.

However, be sure the source of your info is good.

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?

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?