Just not a practicle situation yet.Go to a local REI meeting, find another investor and keep your friends identity to yourself as well as what it's to be used for, not that many in that business.

We had a close call on a very large deal from an investor and bank that had mirrored the identity of officials in Dubai when they were really in Nigeria.

So even if you pulled almost identical comps within a 1/4 mile you could get burned.

Two identical buildings can have vastly different rents because of the timing of their leases. 

During this process, you will have to submit an application form together with all the supporting documentations (such as a photocopy of your Identity Card, pay slips, EPF statements, booking receipt and etc) to the Bank and the Bank will assess your credit profile to determine if they want to approve or reject your application.

We did notice that our unit 2 bed, 1 bath rents for $1600 a month and an identical neighbor unit rents for $1200 a month. 

They were identical houses, probably about 2000 square feet a piece.

Here's what doesn't make sense in your numbers:  Your scheduled and effective gross income are identical. 

But the concept, putting a buyer and a seller together and collecting a fee, is almost identical to wholesaling.

It might be priced double what the identical building next door is priced at.