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.

. - tread carefully.

Tread very carefully.

Tread very carefully and look at mitigating your downside as much as possible.  

We are really treading water and may think is a 1 or 2% rate of appreciation with your rental, may actually be a loss over the long term.

Can find a partner on here, your unit (tread lightly there) or family and pool your resources (money, time or expertise) together.

In fact, we try live on my partner's income (the smaller one, though our spread isn't quite as dramatic as yours) and invest mine in a combo of equities and real property.I would caution you to tread lightly and do lots of up front diligence before buying a commercial entity and quitting your day job.

I can put laminate over the treads and have the contractor just paint the risers.

Your treading on SEC territory; old people, money, partners or borrowing it... a great way to get cought up in security laws and spend time in the clinker.

While there are some deals to be found, tread very lightly and be especially careful working your comps.