There are so many different qualifications for DSCR loans depending on the lender/investor. 

If you do have enough other income then you dont even need to lease out this property to start your refinance.However if you dont have enough income to qualify with no rental income offset then yes you will need to obtain your lease(s) and security deposit + 1st months rents deposited before you can utilize 75% of this gross income - your monthly PITIA payment (in terms of qualification on this property refinance.So all in all Id make sure what your current debt to income position is first of all (DTI) and then strategize to see if you even need the leases at all.

Does anyone know of a lender that will do some sort of a 2nd position loan based on rental income alone for qualification?

They’ll handle the underwriting and verify the buyer’s ability to repay, keeping you compliant with federal regulations.3.Document Everything•It’s important to keep detailed records of each transaction: how many deals you’ve done, borrower qualifications, loan terms, etc.

If I can get 2 different renters in before Jan 1 2025-is still possible by obviously getting a cost seg.Also, would all of the house hunting, going out to see properties, research (calling city for license/map searching) and buying the furnishings count toward the 1 of 7 qualifications IRS demands in addition to the 2 Airbnb bookings-preparing home, cleaning, set up etc?

In the spring you can list it for market rate and have better marketing/screening strategies in place.HOW TO SCREEN APPLICANTSI recommend you include some of your key qualification criteria in the advertisement.

-repeat the process every year by acquiring one house every year with the appropriate income qualification

For the folks north of 30% DTI, buyer expectation shifts are not meaningful because real qualifications just aren't there.The best case scenario folks-- dual income, no kids, no debt, have minimum 10% downpayment, sharing a 1br apartment under $2k in a average COL place looking for a $450-550k house is literally the only type of folk that is waiting for this "expectation" shift.

That's a Pre-Qualification. 

Partner with an investor: If DTI and income are concerns, partnering with someone who has better qualifications could help you scale faster.3.