Hi Gregory,Exceeding your DTI ratio can make it difficult to qualify for a conventional loan, but if you haven't considered DSCR loans, they could be a great alternative.

For example someone with no experience and 700+ credit may qualify for 85% of purchase and 85% of rehab. 

It is illegal to discriminate against a tenant based on their source of income so I would advise against even mentioning this in any way shape or form.Are you qualified to purchase expensive RE?

How much of is it qualified?

Hey Andrew - if you want to leave your W2 now, you can still qualify for financing on deals.

Both side said that my DTI was too high and I wasn't qualify to borrow.

@David N.there are some  lenders that  can go to 90% ltv on vacation home purchase  (  .....benefit on rental prop purchase is that you can use  a portion of the new property rental income to help with qualifying if needed ...pricing is similar for  2nd homes and rental properties 

A qualified professional appraiser will generate a comprehensive analysis considering factors such as sales comparisons, highest and best use, market conditions, and income generated following Uniform Standards of Professional Appraisal Practice guidelines.

Typically, the deal has to pencil out with conservative numbers in order to qualify. 

Unless you are living in the triplex your property will not qualify for the credit.2.