Does anyone know a bank or lending institution that would lend based on a properties income as opposed to personal income?

If he doesn't have regular paystubs, you can still request proof of income such as bank statements or tax returns.

Rob Beene hosts a Wiregrass REI Meetup the first Saturday of every month if you're interested.

You just have to find a bank or lender that participates. 

I found it myself on Redfin and gave a low ball offer, the bank countered a little higher and we accepted.

Just a letter from your bank saying you have XX amount of funds available works. 

If it is what the seller is paying, it’s an indication of what you might be able to get, but I would not assume it’s what you’ll end up paying.A few things to check when doing due diligence on the insurance.....Cutting back the insurance coverage prior to the sale is a strategy to give assets a higher return.The seller may be able to insure the building for what they paid for it 10 years ago, say $100,000, and now you need to insure $200,000 to satisfy the bank loan.  

I'm based in Northridge and host one of the SFV RE Meetups out here.

you can search by score and see what banks, merchants approve in that range, and what bureau they pull from typically. 

Which banks who you recommend working with for loans and why?