There are down payment programs for duplexes, i have not searched or tried to do a 3-4 unit property. 

Then the rents would cover that payment plus the mortgage with cash left over.

This can complicate claims payments for the named insured/tenant. 

So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.

Since they are considering renting their properties out, sell them on the concept of getting consistent cashflow from you - without the hassles of being a landlord.You will then need to make sure you can make those monthly payments EVERY month in addition to do remodels.

If not, you may have to qualify with the full mortgage payment against your debt to income ratio, including the new home that you are looking to purchase.From a tax standpoint, you may want to speak with @Natalie Kolodij. 

Down Payment: 20% of the purchase price, equal to $43,0003.

The key will be to set up terms so your monthly payment works.

Gave me the monthly payment and I checked it against a mortgage calculator and it's exactly what that said. 

Current value of paid off property is roughly 350k , looking to borrow 75k-100k down payment to  purchase a 275k commercial property.