Commercial loans use the similar underwriting but add aspects of management's abilities, time in business, capital reserves, net worth, income and proforma (future estimates of income), business credit, along with anything else they may view as a risk to their loan. 

I would say get involved in some aspect of real estate though, local meetups, read through the BP books and look for a house hack.  

They include a great lawyer, accountant, electrician, good plumbers, good handymen, these are the people I call on to help lend a hand when needed as well as my wife who handles all of the financial aspects of our business.  

Hey guys,I am looking at getting a jump start into the flipping and the low money down aspect of real estate.

I don't know if you are interested in wholesaling or some other aspect of real estate, but in any case, my suggestion is a good one.

Currently I am looking to gain real life experience in the wholesaling aspect to build capital but any good business man or woman knows you can never learn enough.

As a goal I want to focus on flipping and rehabbing, but am open to all aspects of learning.

The bank/lender will ask for all the financials on the property, check the income verse expenses, and many different aspects regarding the building a the project income and the historical treads in the area of the deal.You will not have to provide pay stubs, credit checks, employment checks, debt ratios, or anything the banks do while looking at a SFR deal.

good concept Bryan, flipping vs buy and hold are keys to how wealth can be generated by using two different methods of investing aka envesting as i like to say, i'm a newbie in this industry my plan is to buy and hold rentals and later refinance the property and reap the benefits of the cash flow to purchase rehab and flip discounted properties that i find along the way, my strategy may be different than most but most of my educational coaching suggested looking at every deal as if it were flip and or rehab, i agree with Bryan, if i can get the cash flow and equity that buy and hold offers then that is the strategy that works best for me, but if i run across a flip/rehab that is worth my while then i execute accordingly but leverage is a important aspect of the buy and hold strategy will be implementing in my world.......good luck on your investing journey

Usually properties that bring in a lower rent also have less overhead when it comes to upkeep i.e. no HOA's, the property is smaller in general so repair costs are less, and so on. you really need to look at the overall investment and factor everything in because in my opinion rental price is just one aspect.