Qualifying for a commercial mortgage

[Kevin O'Brien]

I am looking to purchase a three or four unit building in the next month or two which should make me around $1,000 a month. I make around $3,000 a month but as a contractor 1099 not a W2, I have no debts or monthly financial obligations. Assuming I own the first property would I be able to qualify for a commercial mortgage for a 6 flat for around $350K that nets cash $3,000 a month? If I had the 20% downpayment would it be as simple as looking at the cashflow and having the downpayment or are other factors also considered? thanks.