I agree with @Brian Lacey and I have a little more to add to it.San Diego is America's Finest City, yet there quite a few cities that I don't think come close to having as much to offer, yet they have much higher real estate prices, for instance: Seattle, Boulder, CO., LA, and of course San Francisco and the outlying areas of it.  

For instance you can find a lender who will take 75% of your rental income minus the PITI and use that income in your favor.

In that instance, the borrower needs a policy for a vacant and unoccupied house (more expensive than builders risk).

Interesting, I never would of thought Arnold made his first million in real estate I would of figured he started investing after he became famous like most celebs do.

For instance, I have a small business that I have set up as an LLC and made a Sub S-Election, this allows me to write off the expenses associated with running my business--i.e.

You're welcome.School education or time spent on the degree can be considered employment history if the work obtained is in a related field or in the similar line of work so its very possible if they were for instance studying accounting and got a job in finance to use that salary (must be full time salary) to qualify even though they are freshly on the job.If There is enough equity in the property, a salary job within the same field, a documentation of 2 year history of school int he similar field, and a qualifying credit score then you could refinance out into conventional and remove FHA monthly MI completely at that point.So the income gap or equation can be a lot easier to bridge that many would think even in this scenario where the borrower just started their job for 1 month.

Ive ordered a couple books from the  famous 4 questions they ask at the the end of the podcasts to start.

You just have to dig for it and piece it together in some instances.

The discrepancy in two instances was over $40,000 on the exact same property less than 30 days apart.To be fair, it is the environment we are in.  

For instance ugly people are not currently as a enumerated protected class, so you are perfectly within your right to tell a renter "I'm not renting to you because I don't like your face,"  "you are too fat", or "your breath stinks"  or whatever arbitrary factor you want as long as it doesn't violate a protected class or a specific law.