Purchasing a rental property, bank won’t grant loan due to income

[Ashley Marrazzo]

Hey everyone! 

My name is Ashley and I am a first time home buyer. I am looking to purchase a duplex or triplex. But they told me no! I refuse to hear that as an answer! 

I was Approved for an 800k loan at 3.5%. I have Excellent credit (800+)BUT my student loan debt to income ratio is 52%. I make 48k a year and have 77k in debt. Looking to put about 30k down. I also have ZERO expenses every month (other than student loan). 

They said that if I were to purchase a place I would be unable to afford it due to my income if a tenet were to leave or something were to come up. They also told me i had to have an additional 50k in my bank account for reserve funds. 

What are my different options??

do I put More money down does that change? What if I did a conventional loan with 5% down? Why do they say you only need to put 3.5% down but then need to have double that in reserve? Do I need To save up more money?

how can I make It possible to buy a property with my current situation!

thank you everyone!