Exit strategy - refi out of lender's loan

[Travon Allender]

A portfolio lender is interested in lending me capitol on a property (buy and hold).  The lender will cover acquisition costs (purchase and rehab).

To date I have been unable to modify the mortgage on my primary residence (unable to refi and modify) due to being under water and negative DTI. I was told (via HML) I will also be unable to refinance (refinance to ARV to repay lender) the (buy and hold) property for the same reasons.

Does anyone know of a way around this?