His income is about 4k a month and the unit is renting for 1200.. my tenant says he's a real honest guy as she is a great tenant.

Im a bit confused about this partIs it hard to attain financing since the LLC doesn't show any income?

Gross rents - vacancy loss + ancillary revenue (like laundry machine rental income) = Gross Operating Income. 

The current income from this property is $3000 with the potential to be $4500 and still be the cheapest by far nearby.

Blue collar first time buyers are going to require an entirely different marketing strategy than corporate execs transferring into the area.

I’m looking into alternative methods to house having and MFH run for $700k+ out here.At the moment, I live in a detached garage converted into a 600sf 1bd/1bth.Since the 700k price point for a duplex with max 3bd/2bth unit to rent it out of question for me, I was thinking of the possibility of picking up a smaller house with the possibility of converting a garage or building a separate addition that my wife and I would then be able to live in while renting the main house.I know CA is becoming very favorable towards ADU’s now a days and was wondering on if this could qualify as a primary residence for myself as well as me be able to use potential rental income for me to be able to qualify for a loan.Still new to BP and REI, I couldn’t find a google answer on this, so any help would be appreciated.Thanks!

A gardener who's wife is a house cleaner went to flea market talked to the street loan persons with $150K stated (gardener) income getting rentals.

My goal is to replace my income with rental income and I've been reading a lot. 

It's called Virtual Real Estate Investment Club.Here is a snippet of what they wrote: "It’s time you discovered the power of virtual real estate investing.Do Deals in Any Market from AnywhereNo Startup Capital RequiredGreat Stepping Stone to Bigger DealsNo Special Licenses RequiredNo College Degree RequiredUnlimited Income PotentialImagine being able to complete deals for $46,000 … $43,316.76 … $23,000 … while working from home on your computer.

I’ve been told to operate as a sole proprietor until I have actual assets to protect/income from the business.