But that $160K number you said, Matt - I think that depends on what they're proposing.  

And if say one unit is an absentee/foreign investor, another one has a jerky owner who never likes what the other owners propose for repairs, etc. it's just a big headache).

@Matthew Wright Start with an actual proposal on one of the properties you are considering. 

Let's discuss a couple of ideas and their pros and cons.One option you could consider is proposing a rent-to-own agreement.

I am taking a real estate class and I have questions about how to approach a bank for a loan when trying to buy a house that you will rent out. does anyone have an example of a loan proposal or what should be on it.

No, the seller did not propose a Sub2.

What was proposed elsewhere was 3% per year for 75 years which I believe the sign company will never go for. with a 20% revenue share the lease in your example would be paying 13k/yr even if there were no escalations in the base rent.  

Two very risky to seller options were proposed to me yesterday:1) Seller financing with 50% down, holding as a 2nd behind their lender with my receiving no payments or interest and the balance paid as a balloon in 6 years.   

There is even a bill in the state assembly now (AB Bill 2343, See https://leginfo.legislature.ca.gov/faces/billTextC...) that is proposing that all the eviction time frames be extended.

You need to put together a proforma to take to lenders that includes all costs and proposed comps in your market.Good luck