This is a bit tricky, but you can do an option-lease contract.

Tips on other types of lists and how to market to homeowners would be helpful also.

This checklist has evolved over time, as I learned from each deal.

Thanks Matthew, I too am also interested in this.  

I'm afraid this wrong vehicle will not get you to your goals either since you are not planning on running active business with it. 

I have 2 cars that we are trying to exclude the payment from for dti ratios.One was owned at $852 monthly payment (this was refinanced to remove borrower from the loan)this one is giving me a problem because they are asking for payoff but honda is saying they take up to 10 days to be able to send it.Any guidance on a way to get this closed sooner would be great, seller is on a tight timeline.Second one is a lease that we have had approval to terminate (for $2600 fee) and then that one would be excluded.

Im thinking of this too, what's wrong with just buying commercial land.

This is what I see being done in TX.

@Christine House This can be the downside with investing in properties that have a HOA (sometimes they have a max capacity of how many rentals can be within the HOA, what type of rental they can be, or they can cut off rentals all together at anytime)If you have family that lives in the area, that could be a better option temporarily until you move it on into something else that can work for what you're tying to do.

This would be awesome if you go through with this.