And of course other income like salary income can also make up for the negative cash flow as well. 

I am talking about current operating assets: what did they underwrite for rent, other income, RUBs, taxes, maintenance, turn over, etc.  

George - I think that the owners most likely to seller finance a portion of the sale are those that have owned their property for a LONG time (potentially looking for residual income) and owners than own their property either "free and clear" (without a mortgage/debt) as they have more flexibility.

Does anybody know if my father can prove his income to a lender when I try applying for an FHA loan instead of my income? 

I owe like 30x my annual salary.For me I owe about 75 times my 2022 taxable income (2023 taxable income has not yet been determine,  but I expect it to not be significantly higher than 2022 - San Diego receive tax extension due to flooding). 

And then it will cost you a lot of time and effort to compensate the loss of income.

@Munjal Adhvaryu we have a lot of Canadians investing in Detroit because there's only a river separating the USA and Canada.So, we're very familiar wth LLC and tax requirements for foreign investors. 

A tenant who wants to stay and is on a fixed income is likely to stay a long time which means you won't have excess loss to vacancy/turnover.

Hi everyone,I am new to the USA and looking to invest in property with a long term goal to eventually replace part of my W2 income and also pave the way for my children to get a easier start in life.At the moment I am renting with an intention to buy a single family home this year.In a addition I have other cash - not much - that is sitting in a interest bearing account growing very slowly.

My question to you guys is...would you go through a flip for 30K or less before taxes.