That means that whatever the sum of the Principal + Interest + Monthly Taxes + Monthly Insurance comes out to be, as long as the rental income exceeds that then it will qualify.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I'm currently working as a network engineer and would like to start replacing that income with financial freedom in real estate.

Hi Sejin,Are you calculating the rental income based on long term rental or short term rental? 

There are many sports programs out there for youth and adult athletics that could act as long term tenants which would be great in ensuring people actually care about the place and that it produces income.

If cash flow is your top priority, Cleveland's reliable rents and predictable income could be a strong contender.

I'm not certain of my debt to income ratio at the moment, but if I try to mortgage out a property to purchase another, does the rental income I anticipate getting from the new purchase factor into the debt to income calculation?

Low Income affordable housing - tend to be rougher on the units, they get a basic 1 tone paint, inexpensive flooring package, no disposal or ice maker or dishwasher - Deep Clean and Safety is my concern. 

Apparently, generally it turns into a self-management type arrangement.As mentioned, don't forget that you'll have to property license the PM company, and take some sort of profit/income from it. 

especially without being able to increase w2 income very fast?