find home sellers who will hold a secong mtg if you pay the asking price. Then get a mortgage to cover the remaining %. That will allow you to get the income property for 100% financing (70% mortgage/30% owner financed second) and 5% cash down.
Then rent it. Once rented, the monthly payment comes off of your debt ratio and onto your income ratio. That means you regain your approval and can go buy another home (70% mortgage/30% owner financed second) for 5% down and repeat. You only need to get approved once to buy lots of houses.
When you have 3 or 4 houses, the monthly overage should help cover your existing housing expenses and free up capital for you.
Or, you can go to college and get a promotion so you do not feel like a slave in a factory.
Both will work.
~Ray
www.hardlinks.org