What is your gross income?

I think the threshold for gross income is setup at $1,000,000.

But, as mentioned by others, this whole strategy will be a gross misutilization of your time and resorces for the income earned.

Usually the numbers or condition of the property spell it out.If landlord is paying some utility I go 60% cost off current gross income regardless of the sellers numbers.

@Sam Peterson  I agree with @Ryan Gross.   

Gross 

Unit 1 is currently occupied at $1000 rent, Unit 2 is occupied at $900 rent, and Unit 3 on the third floor is currently vacant but if I lived here I'd be living in the 3rd unit which is the smallest, and get a roommate in the 2nd bedroom for around $400 a month.THE PROPERTY EVALUATION:- Purchase Price: $219,000- Gross Potential Income (GPI): $27,600 | Sum rents multiplied by 12 months- Vacancy loss: $1,380 | GPI multiplied by 5% as a fund in case there's unit vacancy- Gross Operating Income (GOI): $26,220 | GPI - Vacancy loss.

What is taxes is your gross rental income - all of your expenses (property taxes, interest on mortgage, etc). 

Using a property manager can allow you to qualify for a larger loan though because their landlord experience would allow you to use 75% of the anticipated gross rental income to be used towards your debt to income. 

Here are the details--8-plex apartment-$750,000-$800,000 purchase-4 units renovated, all units currently rented-$76,800 gross yearly rents, rents could be raised to market once all units are renovatedWhat I need is someone to bring a down payment and thats all!