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). 

Most lenders have hard and fast guidelines and qualifications.

When assembling your hard money loan package, include an executive summary, property appraisal, renovation budget, proof of funds, and borrower qualifications.

Higher interest rates.Conventional: Easier qualification and interest rates.

-Easier qualification: If your credit score isn't perfect or you have some debt, FHA loans tend to be more forgiving in terms of qualification criteria.

Not renting to Sec.8 Tenants is not discrimination - they are not protected class.Pre qualification as drug free is not enough to get you a good Tenant - they all drug free.The main reason is that people have huge sense of entitlement: changing light bulbs is on you because government pays you!

Generally, you should be able to find 75% after the six-month seasoning mark for both these properties, and maybe a 70% Cash-Out if you do the 3-6 month seasoning window.Unfortunately, theres somewhat of a "glitch" in the DSCR qualification rules that give worse terms to those that are less leveraged and cashing out, than if you would have done max leverage on these with hard money or HELOC for example. 

Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.

It is a 1970 build under 1000sf/floor, and in need of complete gut, is short of FHA qualification (right now) which is why it hasn't moved.

Lender's will price your loan according to your qualifications.