Lender requires short term rental income on tax return

[Richard Santi]

Good morning everyone! I've been searching the forums hi and low looking for some fidelity on a situation I've come into. We just wrapped full rehab on a rental property which is focused on the travel nursing market here in Tacoma. It is awesome! Rented immediately and cash flows well. It's slightly more work than our traditional long term SFR, but significantly less than AirBnb. Renters sign on for 90-180 days at a shot. Here's the problem. I went to take out a HELOC on another rental property and the lender (credit union) does not recognize the income we generate from this new asset until we claim it on next year's tax return. I'm assuming this is because I don't have standard 12-month lease on this property. This skews my DTI ratio and retards my ability to leverage for the next deal. Has anyone else run into this? It sort of messes with my chi if I want to keep investing in short term rental properties and targeting travel nurses which are awesome.

V/r,

Rich (retiring Soldier and newbie REI)

PS. Go Hawks!