Apartment debt to income

[Toby Hyatt]

Hey guys, 

Ive been loooing through the forums trying to find a discussion on this but I can't seem to find exactly what I'm looking for. Most of the examples and treads are to do more with duplexes and fourplexes. Basically I'm working on an apartment aqusision, the very beginning stages, and trying to figure out what would be the highest loan to income ratio I should be willing to go. it's an 8 unit apartment building with an 8% cap rate. 100% rented for 10+ years. The problem, with what I'm willing to out in I'll be at a 60% loan to income ratio with the set expenses factored in. It's a lower income type property.

Thanks, toby