Student Debt Hindering Mortgages From Banks

[Nick Kalinski]

Long time reader, first post. 

I recently graduated with an enormous amount of debt (>150,000). This is causing my debt/income ratio to be too great for many traditional lenders. I currently generate $3,200/month with student loans equaling about $1,600 of that. That is my only debt currently. I currently have $12,000 to put down on a house and access to ~$30,000 from my dad who is partnering with me. If it helps, I am in the metro Detroit area and looking to invest in SE Oakland county.

I am starting to think my options are a private investor (hard finding reputable companies to loan for my first flip) or a hard money lender.

Any advice on how I should proceed to secure finances would be greatly appreciated