DTI Help - STR & LTR

[Dustin Sanders]

Hey BP,

I currently own 5 properties & I have a 6th property under contract which will be a STR. All properties have conventional loans. Of these 6 properties, I will have 4 STRs (currently house hacking my primary residence via AirBnB) & 2 LTRs. Each property produces great positive cash flow & I also work a W-2 job which helps for financing these properties.

I plan to purchase a 7th property (plan to house hack) either in late summer or early fall as my new primary residence. Even though each STR has positive cash flow, lenders still won't count STR income towards my DTI ratio. This almost killed the deal I have for my 6th property that I currently have under contract. Thank goodness I barely qualified based on previous tax returns!

My question is, has anyone had to forecast future rental income on their current house hack via a LTR lease (when I move out) & forecast future rental income for my next house hack at my 7th property (new primary residence)?

I hope this is enough information & any helpful feedback is greatly appreciated!

Dustin Sanders