If the house takes longer to sell, we aren't losing money every month on interest payments and can hold for the right sell price.Cons:We lose our regular stable monthly income and have to rebuild again (we have done this before - this would be our 2nd "bootstrap, build, sell" business)We lose our 5 year history when it comes to conventional mortgages and moving into a new home for our own family in the next 2-4 yearsThoughts / recommendations?

I know some regular conventional investment property loan programs have certain rules about this but does Fannie Mae?

@Archie BarrettJust wanted to say that there are MANY reasons to consider a DSCR loan vs a conventional loan, not ONLY if you do not qualify for a conventional loan due to DTI.Possible DSCR Benefits:Can do cash out refi prior to 1 year seasoning of the mortgageCan do cash out refi with no seasoning of ownership (with some lenders)Can do a loan with much less paperwork (this comes more into play every time you add a property)Can close on a DSCR loan directly in your LLCCan have your DSCR loan not report on credit (depending on the lender)DSCR loans can be cheaper than conventional loans for many credit scores and down payments.

The chart you are referencing above is for a conventional loan, not FHA.Your only option would be to refi into a conventional loan to not have MIP on the new loan. 

Conventional versus non-qm products have similar pricing, but restrictions on DTI and capped number of properties will limit how far one can go using conventional.

Conventional lending is not really an option as I am a college student and dont have much W-2 income at this time.

There is no seasoning requirement to refinance a conventional loan.

Conventional, down payment assistance.

It has to be just as nerve wrecking as conventional.

Just like conventional brokers or lenders.