You carry an interest only mortgage for a small period of time and then pay it off at sale or at refi.If you go right into a 30 year DSCR then you are paying the loan back over 360 amortized over 360 payments.  

You could get your own license, but don't forget the carrying costs and finding a broker will to take you as effectively a non-productive agent. 

Furthermore, by carrying adequate insurance you obviate the need to worry about your personal assets because your insurer will pay and defend any claims.

Consult a mortgage lender with experience in FHA loans to learn more about your financing alternatives and obtain a preapproval.Implement Your House Hacking Strategy: After locating a suitable property and obtaining funding, carry out your house hacking strategy.

Would like me to carry the loan which I would be open to but my bank is not ok with this (I owe approx. $300K as I put a hefty amount down through that 1031 exchange).Current offer on the table proposed by my broker:$600K Purchase price7 year lease with option to purchase within 3 years for an amount equal to $600K less what they would have otherwise paid in principal under under a 7% loan for the same period). 

@Ellie Narie, There is no specific requirement to carry the same debt. 

Local investors can offer insightful information about particular neighbourhoods, industry trends, and potential opportunities.It's necessary to carry out in-depth market research, consult with local real estate experts, and get guidance from experienced Phoenix investors before making decisions.

Lending to a flipper is much riskier and carries a much higher risk premium than owner-occupied loans, which currently carry a National Average according to unbiased publication Mortgage News Daily, of 7.13%.

I have researched some other mid term rentals in the area all around 3,000, which will cover my carrying costs. 

The best reasons to carry a mortgage are risk mitigation (less equity in the property means less attractiveness for lawsuits) and opportunity costs (leaving money locked up in a house when it could be earning a better return somewhere else).