They owe 90,000 with 670 monthly payment. the house is worth 160,000 as a 3-2 with 2 car garage. property is in great condition. the house they want will require a 60k down payment and they may still qualify with another mortgage but i cant guarentee it.I cant buy it from them because my DI ratio is maxed as i have 2 HELOCs on my rental properties along with 3 mortgages including my personal property. my wife is a stay at home mom and I own my own business, qualifying for a mortgage is insanely difficult with no W-2 income.

They owe 90,000 with 670 monthly payment. the house is worth 160,000 as a 3-2 with 2 car garage. property is in great condition. the house they want will require a 60k down payment and they may still qualify with another mortgage but i cant guarentee it.I cant buy it from them because my DI ratio is maxed as i have 2 HELOCs on my rental properties along with 3 mortgages including my personal property. my wife is a stay at home mom and I own my own business, qualifying for a mortgage is insanely difficult with no W-2 income.

Any advice is much appreciated.Purchase price: $420K4-Units - All 3 bedroom 2 bathroomAnnual Operating Income (rent): $42,840Current Annual Operating Expense (Water/Trash, tenants pay utilities): $2,400Down: 20%Points: 1.35 (to keep the rate @5%) Rate: 5%Total Aquisition costs (includes closing, appraisal, inspections): $99,350Mortgage (P&I): $1804Property Taxes: $5,212Insurance: $2,058

When I was searching for properties, the listing agent's calculated Cap rate almost never factor in property management fee and I have always include it in my calculation.

Backed it up with a commercial insurance policy that includes a homeowners policy and $1MM general liability.

If there's any way I can be of use, I have a pretty unique skill set that includes proficiency with computers, automotive repairs, as well as writing/editing.

If there's any way I can be of use, I have a pretty unique skill set that includes proficiency with computers, automotive repairs, as well as writing/editing. 

My gain will be about 250K.I own a few other investment properties including duplexes and houses that all have mortgages. 

I use: Owner is not responsible for items damaged by the failure of the appliances or the supply of water/gas/power to those appliances, including but not limited to the loss of food.

@Kay MarchYou should include an early termination clause in your lease.