Refi based on income on duplex?

[Michaela G.]

Are there any loans out there that will do an appraisal of an investment property / duplex, based on rental income, instead of comps? 

I have 4 duplexes and a partner has 2, so, on one hand we could combine always 3 and have 6 units on the same lot and thus it would be a commercial loan. But if there was a way to handle each duplex that way, then we wouldn't have to combine them and could each do our own financing. 

The problem in this neighborhood is that the comps will come in around 25K, because no landlord has been selling their duplexes. They're cash cows. So, the only ones sold are total fixer-uppers. 

Now, we have created an artist community and we're getting between $ 795 and $ 995 per unit - so, completely different appraisals. 

I think I read some post about new 'low doc loans' that will consider the income. Anybody know anything about those?