His $300k annual income well exceeds his cost of living even after tax.

(used to be 25% nets )  Again you can buy a duplex that will have about 12- 13k NET income on gross of about 20k, with an all in PP of 108k,,,, thats about 12% net based on a cash purchase.

The one I posted makes 50-60k income and the house was 150k plus 40k rehab.

hello everyone,  is there any banks or lenders of any sort that would give out loans on a paid off property if the owner has low income ?  

Ensure that the rental income is sufficient to cover these expenses and provide a positive cash flow.Future Equity Growth: Although you mentioned that pulling out equity in the next 3 years may not be feasible, consider the potential for equity growth in the long term.

Also practically, building a sustainable active income through the sales business will get very far.

I can pay carry cost for a few months... 3) I considered renting and Pulling 100% of my cash out and paying off the HELOC... the rental income would not cover the mortgage payment.

Strong secondary rental income as well

Investors utilized either DSCR loans or lenders that allowed short term rental income to be calculated for income purposes. 

It sucks that people in your circle don't understand or can appreciate what a life-changing decision you made by buying an income producing property!