Blanket mortgage in a small town on older properties

[Justin Morris]

Ok, so I have a question and can' seem to find the answer anywhere on Google. An older landlord contacted me about selling 5 of his properties, we live in a smaller town and they are in a not-so-great part of town, He is wanting 50K per house, there is also another house I've been looking at that has great potential and I can get that seller down to 100K. I have done the math, and the total rent for all six properties comes out to about 3700 per month with expenses running about $2100 per month. My question is would a bank be willing to do one large blanket loan to buy all six properties if I can agree to get the older landlord to self Finance whatever down payment the bank needs. I have a very  wealthy father  with perfect credit who will be willing to cosign with me.I live in Kentucky if this helps, just trying to get started so if anyone can help me please do so.

Thanks

Justin

[Steve Vaughan]

When I purchase multiples from tired landlords, I buy the best one conventionally at the highest price it will appraise for and buy the others with seller financing for a few years.  

The financed property essentially gives the seller the down on all of them and the overage I paid on the one reduces the PPs of the others. Then I refi one by one about 1 per yr after a year of seasoning.  Refi loans are much easier to obtain of course.

Are all of these houses bankable / in decent enough condition to be financed @Justin Morris?