From what you describe, assuming that existing rental income is honestly reported on your tax returns, you should be able to count both rental income from the existing property, and projected rental income from the other units in what you are buying, assuming a local REI-friendly lender with minimal/no overlays (those are the reason why you see conflicting stuff online). 

Areas that are closer to NYC get great rents but are extremely expensive to buy in.

A judge could easily view the situation as you being less than honest about personal occupancy and view you as a landlord looking to boot a difficult tenant.

I have heard a lot regarding Bay Area housing prices reaching its cap soon, and I’m thinking the same to be honest.

We scheduled the home inspection a few days later, which came back clean & had listed the issues we had already identified during the initial walk-through - it was extremely helpful having a REA that also invests in real estate, manages his own properties and knows what to look for during a home inspection. 

Their income is high, revolving debt very high and based on their income their credit scores are extremely low.

Honestly, at those interest rates I don't pay anything extra on the mortgages.

I'll be honest, I haven't even contacted the women!

@Basit SiddiqiI have honestly never heard of Taxable depreciation recapture tax How can that even become taxed?

I've already been in contact with a Foreclosure guy that's willing to meet up and I've already made a connection with a Florida-based wholesaler who was extremely helpful to this newbie.