I would guess there are firms and HNW who may consider something like this, it would all depend on the overall deal though. 

Hello BP,I'm hoping someone here can provide insights on an issue I'm dealing with.

@Nicholas Jose the tenant estoppel is usually during escrow and the deal could fall through or the closing date could change before you get to closing so I'd have it be cut entirely from the letter and then just get your info/ tenant estoppel during escrow with separate documentation.

I can get a conventional loan, however, I would prefer to use a hard money lender or private lender to fund my first deal.

Anyone has wholesale deals in west Kentucky?

If the first deal, better you do wholesale.

I’m concerned that holding this note may prevent me from closing on future deals due to DTI ratio.

He is wanting to give preference to cash buyer and I can do that but just want to know how this type of deal goes, etc. 

Gave a higher LTV because we could cross collateralize against other propertiesEach deal is looked at differently when you are a smaller company and can work with a borrower as long as it works for both sides.

When you have STR like airBNB or VRBO DSCR does allow that income unless you can provide a previous 12 month rents received or a print out from VRBO.The alternative to that is if the lender or UW will allow the appraisal to use MTR/STR income/rent schedule if the rents and property is common to the area in terms of rent available for the apprasier to show proof.My advice to you is make sure you do your home work and deal with a seasoned Banker or Loan officer that funds multiple DSCR loans per month.