How will this impact my personal debt to income ration?  

Little or no CF from the start, rationalizing that some current or future event I have no control over would fix or offset it, is the start of a trip down disaster lane, and the worst mistake any investor can make.You think buying a property that has and/or will gain equity offsets low or negative cash flow? 

Spreading the false narrative of never declining markets does the opposite to distort reality and hinder good rational discord of thought.

The rational behind this is that a deal already under management with in place, favorable financing could present a lower risk profile for prospective investors and therefore may make a capital raise cheaper and easier.

PMI will automatically drop off when your loan to value ration hits 78%, not 80%.

once that is done will this improve my debt to income ration since this loan will not  be under my name anymore? 

I think the rational thing would be to branch out from NY, and head to CT.

Pretty close to asking" does not get you anywhere in Milwaukee for example, we have currently an average list to sale ration of 102%. 65% of all deals close over asking, but there are plenty of ways to get an offer accepted, even if it's not cash and even if it's not the highest.

@Amelia McGee About the seller, as long as you think he's acting irrationally and you're acting rationally (because we're all irrational), the longer it's going to take to make a deal with him.

I can't see how any rational person thinks people can live for free for a year while the landlord pays their bills.