Conventional, down payment assistance.

Doing this requires both a healthy inventory of deals way under market value and a large list of serious buyers.

I get mailers from James Wises  Holton Wise company every week on my inventory in Cleveland and he is a Broker. 

@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.

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

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. 

The last years have been tough to find deals, but it is getting a little easier now and I talk about numbers on my YouTube channel: we have seen more inventory in the market in September than at any time in the last four years.

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.

There is no seasoning requirement to refinance a conventional loan.

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