Speak with a commercial banker at a small local bank or credit union.  

I just got off the phone with my banker and he gave me an option for what terms I would like for this property which is something new this bank is offering.

He can speak with other bankers with the details of his situation to determine if it would be treated differently.In your scenario of moving residences, Yes, the currently residence will be counted on your DTI.

A good broker/banker should be able to help value your property before you pay for an appraisal.

The issue is unless a banker can see this as a wise investment, they would deny me as my DTI is high and my income on my returns is not that high.  

My parents are originally from Waterford and that is what brought me up here.I am currently a banker in Bloomfield Hills.

I have studied that some bankers can be lazy and to get a more favorable response for request of a loan, having your information you provide to them organized, easy to read can. 

Another downside to having entities is that it complicates your taxes, so you will likely end up paying more to your CPA to prepare your taxes every year and it will have an impact on your taxes (could be positive or negative) that you'll want to review with your tax advisor.Having an LLC can complicate lending, however it's really more about your relationship with your banker. 

Each new property would have it's own LLC in that State listing the S-Corp as the Member or Manager (Member shows ownership, Manager is appointed by the members to run the entity).Each LLC would have it's own bank account (if out of State, plan on taking a trip to set up the bank account and most likely, today, run into some idiot banker who can't figure out what is happening and give you a hard time opening the account since there isn't a name listed on the LLC and DE paperwork is not public record and won't show name as well, NV will and might make it easier if you registered the S corp here in NV but...

I come from the perspective of both an investor and a banker.