Investing as a Travel Physical Therapist

[Sterling Pompey]

My friend and I are planning to buy an investment property (My second his first). It would be his primary residence so most likely a duplex or triplex house hack. We are running into a roadblock of him getting approved for a loan. He is currently a travel PT that makes $37k pre-taxed but after including all his stipends, his annual earnings are  closer to $95k-$97k. The issue we are running into is that lenders are not recognizing the excess amount he earns as income, therefore it looks like he will not be able to afford any loans that he would be approved for. Are there any other Travel PT’s or people that have faced a similar problem like this before? How did you over come it? 

For further context, we are trying to have him be the name on the loan because he would be able to utilize his first time home buyer loan to take advantage of the lowered offered interest rate. Is there anything I can do as a partner in the deal to help in this situation while still having the loan in his name? If anyone has any suggestions, that would be greatly appreciated!