SFR long term rental help

[Phil Mays]

Hi guys,

Looking for input as to where to secure financing for 1 family in SW Ohio. My main focus is on these types of long term rentals in great school districts. I cannot qualify for a conventional loan as my DTI is above the requirements even though my credit score is >800 and I don't have 20%-30% to invest. I can put 10% into it. I have come across a SFR 3 br 1 ba with detached gar. Needs approx. $3-4 k in carpet and new garage door and paint. Have not had inspection yet. The #'s look good. Asking $49k. Zillow has it worth $85k and Trulia $88k. Rental potential is +/- 1000/per mo. per rentometer. Taxes =$127/mo. Any suggestions?