You can then rent at market rate but have to register it with the town annually and abide by their annual inflation rules.

Our instincts are to eventually rent it and use the income for payment assistance on a new home mortgage.

What ways could you lower the expenses or more income from the property.

I'm not sure what market you are in but for me MKE was a cash flow market which is the type of RE I was most interested in as replacing my 9-5 income was top priority.

I bring sales experience from selling RVs and have always been interested in real estate investing as a way to generate income and eventually achieve time and financial freedom. 

That one month of lost income will take seven months of cash flow to recover.

In my case, all three sellers were older and tired of dealing with tenants, but they liked the steady income.

Income tax's of 60% across the board.

Basically wholesaling would've been the best but there is alot of negative comments about wholesaling this days.So what is the best way to make small income with $0 from realestate and also grow along the way?

Start by getting pre-approved for a loan, ensuring your credit score, debt-to-income ratio, and finances meet lender requirements.