I'm also a grad student so my financial situation is not actually the best and I'am currently enrolled in a credit repair program (hopefully that helps with potential loans if need be) so I was thinking that maybe NACA would be a great start to purchase a multi family to house-hack and product passive income.

Talk with a lender about what your plans are and they will be able to look at your credit and financials and tell you if this will work and what the terms and conditions of the loan will be.

See all the 0% balance transfer credit cards solicitation you get in the mail now days?

My thinking is that because the purchase of a ownr fin. property doesn't show up on my credit, banks won't look at it as legitimate income.

If you have the credit and cash available, you have a lot of options. 

Can't you get a HELOC (Home Equity Line of Credit)?

That helps.I am also assuming that many of these regional/small banks/credit-unions may not have extensive online presence so i have to pick up the phone and do it the old fashioned way (but not 'too' old fashioned way of going there in person...as that would be very hard for me to accomplish for every potential opportunity i find).Originally posted by @Michael Le:You'll likely have better luck with a local-to-property bank as they better understand the local area and market.

If you wouldn't be given credit for time in NY, you'll need to get 2 years under your belt before branching out as a PM on your own.

I would probably need to use about $20,000 from my line of credit and would probably have it paid off in about six months.Management: $75 monthTaxes: $600 per yearInsurance: $650 per yearDoes this seem like a good purchase?

In addition to screwing up your credit and causing a lot of sleepless night.