Absolutely. You would need the standard down payment of at least 3.5% down. The rent from the property can be used to help qualify your income. The 3.5% down can be paid by the seller or as a "gift" from your family..... so you can potentially come to closing with no money out of pocket.
If you need assistance in obtaining a no cost, no obligation pre-approval, please contact me @ http://www.LendWithScott.com
Licensed Mortgage Planner
Regency Mortgage Corp