@David Boley you will still need to file state taxes for any income you earned in the second state though -- depending on the state.

Typically your home and next home will not make the best investment property. 

While they can make helpful suggestions, brokers typically don't go into revising the actual language itself since that gets them into a dicey territory. 

.$0 in repair costs is a stretch- especially if you plan to increase rents...you'll need to justify the higher rent and that typically means improving the condition of the property = $$Your upfront equity position isn't great, but it looks like you'll start with a bit of equity...and if you decide to improve condition you can force the value as your NOI increasesBoilers are find if they are modern...looks like yours was replaced in 2017- definite positive5.3% on the loan doesn't look too bad...your DSCR is 1.15 ...most lenders will require this to be 1.2++ Vacancy is relative to your local market...not sure 5% is the right number to use or not...I look at CapEx different for year 1 and consider it an up-front out-of-pocket expense...but it looks like your units are in good condition so 5% may be right...maybe high...Water and sewer (and other utilities) seems low to me, but it's specific to the area...and maybe just for common areas?...

But a quick summary is that there are four different quadrants that EVERYONE earns their money in. 1) Being an Employee(E) 2) Being Self Employed (S) 3) Owning a Big Business (B) 4) Being an investor (I).

I doubt I can get a bank to finance me because I'm self employed and since I just began a year ago I don't have current tax documents to prove my earnings. 

However, the CLTV or combined LTV of the two loans to purchase will normally not be allowed to exceed their typical LTV limits such as 75%-80%.

Best thing we can do now is earn what we can through our day jobs and build wealth in other avenues.

Typically those types of loans require about 40% down-payment plus reserves.

I'd be happy to answer any questions that you may have and go over various options that may work for you, but typically your investment is either going to be a loss (if you sell) or have a lower ROI than you initially planned as you will likely have invest another $30k to get it rent ready.There are some people pursuing legal recourse and @Aleks Gifford is a local person who is coordinating some of those efforts so  I would recommend reaching out to him.