How an investor finance multiple SFHs for short-term-rental?

[Keetaek Hong]

Hi BiggerPocket gurus!

I have a noob question that I couldn't wrap my head around. How do you finance multiple single-family homes for short-term rental purposes as a single investor without hitting DTI limit??

Hypothetically, if I have $1M in the bank, and say that I want to buy five(5) $1M houses with 20% down. The lenders wouldn't consider my rental income. If so, to meet the typical 36% LTI, then.. my monthly income should be somewhere around 75K (900K annual). (see the math below)

Are there any creative ways to finance the houses? Is DSCR even an option for short-term-rentals?

Thanks SO MUCH in advance! 

* How did I derive $75K monthly income requirement?

- Monthly mortgage for 5 houses: Roughly $25K

- Loan-to-Income at 35% = 25K * (100/35 ) = ~ $75K/month = $900K/year