~Buying Income Property~
I found a commercial building for $30,000. It has just one apartment rented at $400.00 monthly and retail store space that is empty at the present time but can be rented for $500.00. monthly. The building is in fair condition. Someday I'd like to open a small business in the retail portion but keep the apartment rented upstairs. This is my situation: I own my own home mortgage free, I have no debt, I have other savings but I am not employed at the present time. Is there any way I would be able to make this purchase? The owner will not hold a mortgage. 
How's your credit? It sounds to me that you're probably fiscally responsible. There are a number of lenders that will do no doc loans or NINA loans (No Income No Asset need to be listed) with high LTV's if your credit scores are strong enough. Contact me directly if you want more info...
take out a line of credit on your home that you owe free and clear, it should be enough to buy your property that you are looking at or a nice down payment.
then get the retail side rented and refinance.
i have never heard of anything more easy than that.
hope this helps.