Possible to purchase 10-unit apartment bldg. using future income?

[Ethan Kramer]

Right now, I have a property in Baltimore that has been generating income since September 2019. Once I have 2 years of experience as a landlord in September 2021, would I be able to qualify for something like a 10-unit apartment building that costs $1.5 million using the future income? I plan to use FHA for this kind of purchase too.

Currently, my income to debt ratio is about $3,500 to $1,100 (I split the $1,100 mortgage 50/50 with fiance and have no other expenses). Let's say the 10-unit apartment building is fully leased at $15,000 per month. At 75%, would I be able to add future $11,250 / month income to my current income to debt ratio to help me qualify for the apartment building? Is this possible?

If it helps, my primary residence, where the $1,100 / month mortgage comes from, is valued at $310k and I have $150k equity in the property. I am willing to rent it out at $2,500 / month and move into the apartment building for one year to meet the FHA requirements. I am also willing to refinance or HELOC the $150k equity if it will help with the $70k cash I have saved so far.

Thank you so much for your time in reading my question. Stay safe and happy investing!

[Ethan Kramer]

@Steven Foster Wilson Thank you so much for your helpful response. I totally forgot that I couldn't get more than 4 units through FHA.