Agreed not a good deal, will have to start looking at other areas and lower price points...

It sounds like you might be in the lower income niche, which I do have a lot of experience with. 

At the beginning I got an acceptance from the bank to take a loan as an individual for a mortgage loan with a 4% interest this is like starting with no company which will get me with fewer expenses for the beginning (lower mortgage payments, no need to start a company and pay monthly an accountant for this but I cannot count any expenses that will be made in my investment, my country gives a standard 5% deduct on individuals so let's say my annual income is 10000€ , I got to pay 10000-5% = taxes for 9500.) 4.

I'm looking at conventional loans because of the preferable amortization schedule and lower interest rates, but maybe I'm simply barking up the wrong tree. 

If the terms of the mortgages were refinanced into 30 year AM (amortization) the P&I (principle and interest) payments would appear much lower and hence the resulting cash flow would be much higher when they (lenders) go to calculate your cashflow for DTI or debt service coverage purposes.This also could be an issue with how you file your tax returns for all of these 15 doors or a combination of the above.Either way its really easy to fix.

The LLC would then pay U.S.A. taxes at the appropriate corporate rate (which the White House recently lowered).  

That's definitely more of what I'm looking for as a first time buyer, lower purchase price for a decent house and make rental income from it. 

Cashflow is "great" but it's an older building with a lower-class tenant so cap ex will sneak up on some time. 

what was the time frame?

I’m thinking we could get a much higher appraisal to pull cash out in 6 mos to a year when it’s fully rented being that it’s commercial and based on ROI opposed to keeping it residential with 4 units and basing values off comps in the area which are lower say 80k range.