I foresee this increasing my expenses with the extra people and would like to catch it before it turns into a problem.Your input is highly appreciated.

With your own account, you can monitor it regularly and catch a problem quickly.

You might find an excellent building at a great price -- the catch being that current rents are very low.

Once the comps catch up, get your own financing, and finish paying off the sellers mortgage at that point. 

I can afford the down payments, I just have the feeling my debt to income ratio will catch up and banks will eventually not want to lend to me.

If your inspection going in doesn't catch them, your profit will be gone very quickly, and you will be out money.With 100k cash, I would recommend either trying to partner with a flipper to start getting some deals done, or looking at some turnkey rentals from reputable specialists out of state.  

Good catch, Wayne! 

Not advising you to do this but I blame myself for not catching things.

The problem with randomly messaging people is they feel there is an upsell or a catch.

Plenty of stories out there of people who scored deals by just continuing to send letters/make calls and one day they catch the owner in a place where they need to get out of the property asap.