Hello, I'm looking to go to lenders sometime soon to get pre-approved for an FHA but I have lots of questions whether or not I meet the qualifications especially with the price of duplexes in Pensacola, FL.

Ask them when they issue distributions (anything before the 15th of the month is a red flag), do they require reserves, how is maintenance charged, do you see copies of outside contractor bills, do they upcharge materials (PM's have LAR accounts with Lowes and often get 20% off), do they keep all late fees or just the management fee, what other fees do they charge (renewals, inspections, etc), where are tenant security deposits held, how are evictions handled and are you consulted before filing, what screenings do they run, what qualifications do they require from tenants, ask for a couple other owners to visit with for a reference. 

Then the lender will generally count 75% of the rental income towards your qualifications.2.

Each credit has specific qualifications and benefits, so it's worth exploring which ones you might be eligible for.

Hi - a lot of people in your situation move from conventional to "DSCR Loans" for this exact reason - since its hard to scale meaningfully when needing a DTI ratio to qualify (one of the main benefits of DSCR is no DTI ratio in qualification).Check out this 10-part guide on all you need to know on DSCR Loans published on BP!

If you post here we can pick it apart---I mean, give you valuable feedback :)I've found conveying a sense of competence/qualifications in the message will get more responses.

Also, what are your tenant qualifications?

Very helpful for DTI qualifications.  

You can apply income qualifications.

You need to be a resident and/or earn enough income in the country (and the income earned overseas won't be taken into account in the qualification).