You also need clear processes for documentation, inspections, renewals, and notices.

The question you need to answer is what will the rents be as that is what investors need to calculate their ROI on a hold property.If the rents do not support a purchase along with the ongoing expenses (use the rental tool here), you will have a hard time selling to an investor.

Strong underwriting, clear default terms, and proper insurance are important so you’re protected if things don’t go as planned.If you value a clean exit and zero ongoing involvement, traditional financing has its advantages.

The original poster is spot on.

What's your current follow-up process looking like?

Angel, you are correct that FHA requires verifiable, ongoing income, so without it, qualifying will be very difficult regardless of credit or assets.

It's a clean project with a big payout at the end, no ongoing landlord headaches.Finding the right deal is the main game.

Giving up a cash-flowing asset just to fund a down payment usually creates more tax friction than benefit, since you lose ongoing income, deductions, and future flexibility.

@Craig J Hinton Those who are most successful with single family homes typically generate their most meaningful returns at exit through appreciation, not ongoing cash flow. 

Compare that to the purchase price and ongoing expenses to see your net cash flow.