If so, you should really have knowledge on how you will pay for he house, whether it's a Hard Money Lender, Private Lender, Cash reserve etc.On another note, you mentioned little to no equity.

I can get a co signer with higher income for me to get pre approved for a loan for a house in my criteria, but by the looks of things, It seems like I could put myself in huge risk due to my low income and no money reserves. 

Training and track record will be key.Do you have 6 months of reserves saved up??

(not including PM, & Reserves for evictions, replacements, etc.)

If it cashflows after paying property management, and the correct amount for reserves and cap-X, then buy it. 

I just tried to see what the reserve was and I won the bid.

Sell by public “reserve” auction for a fast and lucrative sale.

@Mitch Price during due diligence make sure you know what renovations you are going to need and have a reserve allotted for potential work.

Include a substitution of collateral clause so you have the option to move the debt to another property, a subordination clause to secure 1st position financing, and reserve a pre-payment discount.Charles Parrish

Just look at having the reserves to pay for the mtg and expenses until the buildings are fully rented out!