I purchased 2 distressed duplexes next door to each other in the Seattle Tacoma area, initially with the intent of fixing and flipping them. I already had a BRRRR duplex that I purchased a few months prior and was being rehabbed. Turns out I underestimated the rents on these 2 new ones when I got them fixed up and rented, and so would like to keep them as they will cashflow nicely. The problem is that I'm running into issues with the refi process due to my debt to income ratio.

I have a W2 job that pays well, but I also own a business which had some pretty steep losses in 2015 which flowed through to my personal tax return, and smaller losses in 2016.  The first duplex I purchased is still another 6-8 weeks out from completion, and so I have no rental income on that property at this point, but am paying a hard money loan on.  

I've looked at a commercial mortgage, but the loan amount wouldn't be high enough for me to get most of my capital back out.  

I realize there are a lot of details that go into the mortgage decision process for the lender that I couldn't include in here, but just looking for some general/creative ideas of ways that things  could be structured with a lender to make something like this work.

tia,

-Rob