The underwriting guidelines are different than owner occupied. 

Using the fed poverty guidelines, CA is not very close to the highest poverty state (but is worse than the average state - in the 30s).There are many people with jobs that cannot afford housing in CA. 

You dont have to follow this strict guideline like you do at your W2.

Welcome to BP @David Gamble as you have learned there is very little small multi in Charlotte.

You might pull it off, and if you're a gambling man go for it, don't let us experienced folks stop you.

Ask for their underwriting guidelines. 

Smart investors don't gamble and they will abate. 

We put on the market , got first offer on the first week ( windows could not pass FHA guideline ) Second offer afterward. buyer could not get the loan. we do seller financing , however buyer could' not come up enough down payment.

We put on the market , got first offer on the first week ( windows could not pass FHA guideline ) Second offer afterward. buyer could not get the loan. we do seller financing , however buyer could' not come up enough down payment.

If you put an inspection requirement in a foreclosure they will not take your offer.I have bought a few foreclosures and can tell you it is a gamble, just make your offer low enough to deal with it.