Let me explain with some numbers.My (Our) budget is about 450,000-550,000 shekels, and there are two cities in israel where you can find deals in this price.

Secondly, if you have a mortgage on that property, it will show on your credit report, so a talented underwriter will know to look for it on your rental income schedule (Schedule E).Second of all, if you have expenses associated with your rental that you choose not to write off so it will look better to the mortgage company, this is technically mortgage fraud and yes, you can go to jail for it.The way my mortgage broker explained it to me is that they take 75% of the rental income (I don't know why - probably to account for possible future vacancies?)

I couldn't explain it in detail as I'm not a surveyor or math wiz, but it is done by mathematical calculations yes.

Dalton Hirst Thanks for explaining that!

This is how it was explained to me by my mentors.

@Bill Exeter can explain

I just finished the book Chris mentioned, for a beginner the explanation of different financing options was well explained and a good start. 

You just need to explain to the landlord that the W9 form is basically saying the funds for the rent came from a agency,  not from you, but on your behalf.. so reason for this is to document the funds were given properly for rent to the owner,, and not to just some person posing as a landlord. 

I explain how and why in my Profile.

I want to do this when I have a kid but I was hoping someone could explain the particulars of how to do it.