Right now companies are rationing out their headcount as we speak, hoping a pivot can make them do less.

@Jarrett FogelmanThe answer will depend on the rational behind your unwillingness to but a property just by yourself.If you just want to spread the risks, you can invest through these crowdfunding platforms.

I assume once I get the 2 rentals occupied and start collecting rents, this will change the debt to income ration issue. 

According to the website of the Ministry Of Tourism in he Dominican Republic.On October 9, 2001, the National Congress approved Law No. 158-01 on promoting tourism development for areas with little development and new centers in provinces and localities with great potential, to accelerate a rationalized development process. of the tourism industry in all regions with potential and natural conditions for tourism exploitation throughout the Dominican territory.In the law above, the Tourism Promotion Council (CONFOTUR) was created, to apply the guidelines of Law No. 158-01, as well as create the conditions and facilities necessary so that innovative tourism projects can benefit from the incentives granted by law.Through Decree No. 372-14, the Technical Directorate of CONFOTUR was created, in charge of handling all technical matters derived from the application of Law No. 158-01 and its modifications.Classification application files, to comply with the terms of Law 158-01 and its modifications, must be sent through the CONFOTUR website by completing the Application Form.

Talk to active flippers in your neighborhood and ask them what they ended up paying for rehab on their last few deals.This back of napkin stuff will still have huge margins of error though, so ultimately you will need to make the lowest offers you can negotiate and back those offers up with some sort of rationalization for them to ever be accepted.

You may be able to qualify for partial exclusion look over publication 523 for some bedtime reading...My opinion is be an investor first it is ok to make money in the game and pay taxes does it suck sure but sometimes it can be rational and optimal. 

You've sold me with your even keeled, succinct, and rational posts. 

DSCR stands for debt service ration which means you can qualify based on the rental income of the property.

The pro-ration only comes in when it was a rental first.

You're thinking rationally, and by pondering over the property and raising inquiries, you're headed in the correct direction.