W2 income to investor is a common route, it’s incredibly accessible down here, and your strategy idea is excellent.

Unfortunately, Pollution and Mold related claims are common Exclusions of the GL policy. 

Especially when you factor in down payment, closing costs, monthly mortgage payments and monthly common charges.

Easy reads and they use real person experiences to help generate a common ground for you.

It's pretty common for lenders to have that requirement of >20% equity owners.

If they took the deed with "joint ownership" as opposed to "owners in common", then the surviving owner inherits the property and it doesn't go to other heirs through any sort of probate process.

In other words, they want you to be an investor, but still have a 9-5 job just in case all of your tenants leave and you need to pay the mortgage (as if that's a common occurrence). 

Folks, most realtors aren’t trying to scam anyone.

Use this as motivation to start creating a troubleshooting manual for common problems in a rental.

Hey Joey, this is definitely a common feeling and it sounds like you've already done a great job of getting started.