You've done a terrific job of detailing the components of each program.

Keep in mind it is a risk and speculation, if something happens(market tanks, job loss, etc) then you will be out money.

But in the mean time we would love help you build your dream at a discounted price while we learn.

I'm a small business owner and my partner has a corporate job. 

It isn't a big job but I don't want things to go south so I stay in it.Of course I practically live on this forum so I pass along any pertinent info I find as well as answer questions.

I make about 70k a year from my salaried job and my friend makes double that.

Anything past that might feel weird.Good job going to your first one, that is a great step that too many people miss out on.

I do not have a traditional W2 job so I can't pursue the typical conventional loan or a FHA since I don't have income (hence the DSCR route).However, I've seen that most DSCR lenders do not lend if the loan amount is less than $100K.

In neighborhoods that won't attract high credit score tenants, I've found that a stable job history with a MINIMUM of 1 year at current or previous job to be the best indicator of a great tenant. 

Plus, you get amazing appreciation potential due to how much population growth, job growth, and companies moving and developing here.