We work on BRRRR with 20% margin (excluding selling costs of course) and 1% cash flow, and though getting difficult, is replicable with little perseverance.

However, I was told by a mortgage officer that I can exclude/offset the mortgage payments with the rental incomes from my DTI calculation (forgot what term he used, it has been awhile).What's the best way to finance/buy my next property to live in?

To qualify for Elite Membership you must be an accredited investor: net worth of at least $1,000,000, excluding the value of one's primary residence,(Net worth is the value of all assets including businesses owned, minus the total of all liabilities, including the value of any businesses that you own.) or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount ." 

excluding pit bulls?

In my first 10 or so deals, I used no money of my own, excluding some very minor bills.I believe the key is gaining the know how, locating others with the capital, and bringing value to the table.

The point was mentioned that you can negotiate a better price by not using an agent, true, but to me REI is a team sport & if I started excluding my normal broker from deals word might get out, especially since I am in a smaller market.  

(That excludes trailers since my wife grew up in one and never wants to repeat the experience)3: Only buy real estate within 30 min driving distance of my home.

I could rent the whole house and exclude use of the garage or room over the garage if I so chose to do so.

I know many insurance companies wont.My shepherd bit someone that walked into my home without permission.. just nipped her in the butt.. but she made a claim insurance paid it then excluded the dog from then on. .

Hi @Jeanne M.The Fannie Mae Selling Guide states:The financed property limit : applies to the number of one- to four-unit residential properties where the borrower is personally obligated on the mortgage(s), even if the monthly housing expense is excluded from the borrower’s DTI in accordance with B3-6-05, Monthly Debt Obligations;applies to the total number of properties financed, not to the number of mortgages on the property or the number of mortgages sold to Fannie Mae;includes the borrower’s principal residence if it is financed; andis cumulative for all borrowers (though jointly financed properties are only counted once).