So if you can I would say talk to a conventional lender first and see if you qualify using asset depreciation.If that is not possible then as mentioned you will want to look into a DSCR lender.

I would do the FHA loan and then refinance it to a conventional loan after the first or second year and take that equity and put it into another property.

I'm also looking at a CONVENTIONAL loan as well.

So I bought the house, did minor repairs and cosmetics, moved them in and 2.5 years later I refinanced to a conventional with the appraisal hitting $224k.

Next best thing is 5% down conventional, either 30 year with PMI or 5 year without PMI.

I guess this would be considered house hacking, but I'm assuming we'd have to use a conventional loan since we wouldn't be physically living in the house. 

Hello everyone,I’ve tried getting conventional financing, but my DTI is to high due to me taking a lose on my rental property last year.

I have soem ideas on home to pull the money out but what would you guys suggest since lenders won't normally touch this with a conventional mortgage?

@Shivam Patel Conventional loans are for both owner occupied or investment properties.  

Cold calling isn't fun, but proactive one on one outreach still works in the digital age.