Some strategies to get around are:1. leverage your current portfolio and buy in cash, increase value, and then refi2. buy Multi-family so your ratios aren't the main factor to lenders3. get in with a lender for high net worth individuals4.

Point being if you are leveraged to the hilt with no cash how are you going to make those required repairs etc?  

Look for properties where you can add value with smart, targeted renovations rather than going overboard.Financing Strategy: Since you're aware of the leverage risks, keep your financing options flexible and conservative.

This way you can utilize the leverage if you plan to scale up in the future.

- The property is probably NOT as profitable as you think it is.More reality for you - how are you going to cashflow enough from leveraged rentals to replace your current income?

My real estate goals include investing in long-term rentals with the potential for mid-term rentals, leveraging my spouse’s career as an OT in the healthcare industry.

For multifamily, leverages won't be as much until you have some experience not only with 1-4 units but also 5+ units. 

LLC's are still the way to go but yes you can't tap into owner occupied mortgage tools such as HELOC's or high leverage.

I put forth effort to keep my RE investment significantly leveraged.  

anyone have any experience with Walter Wofford and his short term rental education programs?