Renting Out Primary Residence

[Hector Duran]

Hello everyone! About 8 months ago, I purchased my first property which was new construction. I have several warranty's on the house that covers a lot of expenses which led to the idea of renting out my primary residence. I put 5% down and after running the numbers I expect to cash flow $200 a month. Now , my question is I currently have a DTI of 38% (99% of it is the mortgage) Will I still be able to qualify for an owner occupied loan even though I already have one that will be rented out? Will renting out my primary residence reduce my DTI since i will no longer be the one paying for it? Thanks!