If it is a 7 plex, then you should be able to do it fairly easily with Excel.

Hey guys, I live in Phx,Az , single no debt what so ever, in car sales business (self employed)and monthly I make anywhere from $3k to $10k after everything, experian score is 640, im guessing with that fair score and no proof of income Im looking at a crappy interest rate and big down payment on at least -$300k, here in Az anything lower than that its because it needs re habing and to be honest i dont have no experience whatso ever in that field and dont want to end up in a money pit.

That's a fairly common issue in smaller markets.

Landlords will do the split fairly frequently for that situation.

Everyone is gambling, and I keep advising my clients to please not compete with that level of moronic. 

As compared to other states, Texas some of the strongest protections for home equity borrowers.Although the law is complex, the following provisions are among the most significant:Limits on Total Debt:The total of all mortgages may not exceed eighty percent (80%) of the fair market value of a homestead at the time a mortgage is issued.

@James McGovern if I can assume by "undocumented immigrant" you're talking about someone who entered the country illegally, he/she would not be considered part of a protected class under federal / state Fair Housing laws.

Quote from @Ashley Gamble: We recently bought a property that we have found out within the first few weeks of owning it that is has VERY SERIOUS drainage and humidity issues and lots of previous water damage that the sellers did not disclose.

No different than gambling. 

It is fairly easy for depreciation to shield 100% of the cashflow from leveraged properties.