Any Lenders Count Income Earned From Primary Residence?

[Dustin Robideau]

Hi BP,

Looking for some financing advice as I find myself in a terrific cashflow position that lenders should love loaning to but on paper I'm falling short. 

The primary factor for both circumstances is that I rent out 2 bedrooms in my primary residence for $2,000/month. The commercial lenders I'm speaking with won't lend to me because the income is not listed on my tax return even though I can provide transaction statements showing that I haven't had a single month of vacancy in either room in 10 years.

Supporting details:

Property 1 - Primary Residence

Equity: $200,000 

Owe: $343,000

Income: $2000/month

Property 2 - Rental Unit

Equity: $200,000

Owe: $365,000

Cashflow - $300/month

Currently paying down $2300/month in principal a month across the properties(one is 15 year)

2017 W-2 Income from my 9-5 is $103,000

My budget is based off of a $70,000 base salary since I work in sales and after all of my fixed expenses are paid I have $3,000/month of disposable income to spend on food/life and I live a modest lifestyle. I averaged an extra $1800/month after taxes of commission in 2017 so I usually save between $2,000 - $2,500/month in cash a month. 

Credit Score 745

Challenges:

Income on primary residence isn't being counted

I purchased the 2nd unit last year and had to evict my first tenant for non-payment so I have to use 75% of the income projections on the lease for the new tenants.

I'd like to secure my first multifamily as fast as possible but I'd really like to secure financing first so I know what price points I can target. I'll likely be refinancing one of the properties to pull out equity for a down payment as I understand I'll need to be putting down 25%. 

Questions:

Do you know any commercial/portfolio/private lenders that would lend to me?

What steps could I take to make me more attractive on paper?