@Jerry TilleyAsset based is going to be a different Non-QM program than a DSCR and typically higher rates than a DSCR.However, mid-7s on DSCR is high in the current environment and given the info you've provided. 

Most lenders typically will want the gross rents at least 75% (.75 DSCR) to 100% (1.00 DSCR) of the new PITIA mortgage payment.We offer programs with No ratio's, meaning down to 0.00% coverage.

It can be tricky to find loan programs that will lend on properties below $100k, but I do think I have a program that can lend below $100k, and if you had a 50-50 LLC, you would be good to move forward at 80% LTV. 

They can lose their voucher and get kicked off the program. 

Some lending programs are more or less (there are various programs) but in general 50% DTI is max.In order to ensure you accurately plan for your future mortgage its good to know up front how these situations would be affected and what borrowing power you will need when the come times to purchase this upcoming "condo."

If you are going to expand your market or consider bigger properties, I suggest you investigate some multi-family training programs like that offered by @Gino Barbaro. 

Hello, You can purchase this as an investment property, using the DSCR program, where we simply qualify the property with out using tax returns, etc.

I just saw Dean Harris, the cohost of the program indicating that he can send it directly.

For help with the section-8 process, it's very important to have a PM that's familiar and connected with the HUD programs in the selected market. 

I've used other programs in the past (Quickbooks) and an old fashioned spreadsheet, but neither worked for me.