One is cutting and back rolling, the other is rolling. 

However, they may or may not be able to use the entire rent roll as income.

You will need most likely a minimum of $1,100/unit (assuming the $3,315 rent roll is for all 4 units) to even begin looking at this as potential for a rental.Because you are still missing some factors, it will only hurt the bottom line.

Maybe since you are young you can househack and build up your savings and roll the equity into other projects.

They should roll into your personal return on your schedule E.  

(Though I do have great credit) I'm not sure on how to approach a bank or private lender and get momentum rolling again.

This would be good from a tax point of view as we would not have depreciated their total values, we also spent some time living in each home, and, because of our income, we were unable to deduct most of the losses each year, so they rolled over.

This would be good from a tax point of view as we would not have depreciated their total values, we also spent some time living in each home, and, because of our income, we were unable to deduct most of the losses each year, so they rolled over.

Another tip would be to insert into your contract that the time clock does not begin on due diligence until you have received a laundry list of items from the seller (rent roll, P&L, etc.) and that typically buys you an extra week or more of diligence time.

Seems as the property gets further into a lease the potential for greater appreciation based on rent rolls is diminished.