We live in this nice house because I'm covering some of the mortgage expense with the income from the house hack.

This property would have multiple income streams, including as an airbnb, wedding venue, bed and breakfast, corporate retreat. 

Great credit scores and plenty of income from my W-2 source. 

Quote from @Jacob Sherman: can do a no income no doc ground up construction loan .

He lived in one unit for two years, fixed up the property, and gradually increased rents.

There are people who overpaid in the last year, but they would only be in foreclosure problem if they lost income.

Think about it, if you are buying something at a 5% cap rate, but interest rates are 6%, the debt payment exceeds the income.

Generally we raise capital from investors who want a fixed income and have enough meat on the bone to keep all the equity in the deals and push the valuation and also obtain commercial financing where we can get 75-80% LTV financing and still maintain a DSCR of 1.2+2.) 

Passive income.

You can also leverage stable income for creative financing and explore BRRRR in markets like Rochester to build equity and cash flow.