Landlord Tenant laws are challenging but if you invest in the better neighborhoods, you are less likely to run into the issues landlords customarily face in the low income areas of the city.

I mean they do it for low income senior residents and the multifamily affordable apartments that been there for a while.

So do you say in your screening criteria that if total debt plus monthly rent payments = greater than 45% of gross monthly income, you will deny the application? 

Suppose you are personally sued; during the discovery process, you must provide information on all of your income and assets (including your LLCs in any state (with or without anonymity).

Now 75% of legal ADU rent can count toward income to loan. 

Adding that extra unit will reduce your risk since you are adding another income stream to a property you already own.

I'm financially stable with good income, low debt, and good credit score. 

Goal is to replace W2 income, initially. 

I want to use this post to give a little insight on why I love commercial investing.How The Property Value is DeterminedThe beauty of commercial real estate is that it largely only comes down to 2 numbers: Net Operating Income (NOI) and Cap Rate.

A no income no doc DSCR (debt service coverage ratio) would be a great option for you .