CIP rental income

Hi there,

Looking into buying a CIP. I was wondering if finance can be approved using only the net rental income from the property to service the loan.

Received a significant compensation settlement and not currently working.

Planning to study full time next year so will have no "income" to service loans.

If this is possible I would be looking into the $2-4mil range so will be nicely CF+ even after servicing the IO repayments.  Assuming there is a good tenant and long term lease in place is this possible?

Objective is to get a decent income while studying so savings doesn't get touched.

Thanks!