Looking at a small 12 unit apartment complex. Seller has income/expense reporting which indicates about $90,000 per year income and $30,000 per year in expenses (with no debt service). Asking price is $900,000. I don't qualify for any more mortgages due to debt to income ratio currently. Question becomes, could the income/expenses of the property qualify itself for a loan? where my income/debt would not be calculated in, Then I could buy it as its own entity, like an LLC. There is potential to raise rents as the sellers held the property for decades and most tenants have been there for years, I know the bank would use current rents, which is fine, but I do see long term potential cash flow increase in buy and hold here, just need to figure out a way to purchase. (I do have a down payment)