@Samantha Klein Income earned from flipping would fall under self-employed.

If push comes to shove I could 'create' some money for an extra month or two.

He'd have to earn it.

So here I am; I'm new to this community and have an interest in real estate earning potential.

To that end, I was just talking with my wife, and we both agree that, right now, our two best options are A) go through FHA, if possible, and get a two-family home (we'd be first time buyers), that way we can live in one side and have the other pay our mortgage, and we'll be able to save what we would have spent on rent toward a decent down payment, and B) spend some time REALLY learning how to identify darn good deals, so that, even if we can't buy them, we can wholesale them and earn a little money that we can, again, sock away toward a significant down payment.

I earn my money with a small side business and by flipping houses, which is not a steady enough income for a traditional lender to finance.  

Yes (for us >6000lbs) it was 100% against income in the first year assuming you have the 'earned income' to cover it.

So when you are driving through town, make an extra stop by these places that could benefit by leasing from you.

Either way it looks like I will be doing month to month then and spending the extra money to give the resort atmosphere to include wifi, laundry facility, etc.I use my own lease that I drew up and fined tuned over several years after evaluating many other leases and through personal experiences.  

My goal is to earn 100,000 and to turn it into 1,000,000 by 30.