you can use a DSCR loan if your DTI is too high for conventional. 

Quote from @Jarrod Ochsenbein: I purchased an existing Padsplit with a DSCR loan. 

When I asked for a loan, they asked if my business received money in Euros. 

We financed this deal using a residential VA Loan.

We did that for about 3 years until Jeff informed me he'd fallen behind on property taxes, and all of his lenders called the loans due.

I've never done any Sacramento STR loans and only been hit up for one potential financing opportunity there.

This should roughly take me to 150k per year and carry the loans for land and construction.

I was just thinking today there was all this excitement about VA loan assumptions there for a while when interest rates started going up. 

If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage? 

For example because New York is a generally more expenisve market, you have larger loan buy downs, bigger dollar appreciation, etc.