I don't have a lease with them (they've paid on time every month) and, as far as I'm aware, there isn't a written lease leftover from the previous owner (doesn't mean it doesn't exist, though). 

But if I were in your shoes I’d weigh a few different options.  1) you could refinance your existing property and pull out a bunch of cash and use that to pay for additional down payments. 2) 1031 exchange into a larger 5 plus unit. 3).

From what I've seen, the successful young commercial brokers partnered with seasoned realtors back in 2007/2008, and utilized their partner's existing network and knowledge to allow them to launch like a rocket ship after the crash.

2) What is the anticipated cash flow of the existing units, if leveraged at 80% LTV?

I am investigating the option to move a rental property from direct ownership to an existing LP.

I am an agent and I have a client looking to purchase an existing RCFE.  

Do you have an existing note on the property?

If you have an existing home with equity, refi and rent it out for just enough to cover expense and use that refi money, to pay your deposit on house hack with no money down!   

Even if you never buy another property and just slowly pay down your existing debt (or not) the benefits of rental appreciation alone will take care of you.  

Before a friend told me about BP, never in my wildest dreams would I imagine such an amazing resource exists, where experts in real estate give sound advice out of joy in helping others.