First thing is to know the local Law based on the Rental Lease that you hold.

We would need to verify that you are able to meet the DTI requirement since we will not be able to use rental income to offset the mortgage debt. 

Hi guys -  im based in the SF Bay Area and looking to invest in some SFR's in Dallas with a partner.

I also spoke to my realtor about possible rent and she said based on my location alone I could get $1700-$1800 for a studio/1BR. 

The second property would be something like a zero coupon DST which absorbs your debt with the non-recourse debt of the DST. 

The question is just how beneficial it'll be based on the property and your specific circumstances.

I am not a QI soliciting business, but have had customer experiences with all of the big ones out there.DM me if you want my perspective.One of my very best experiences has been with a QI based on Florida.

Prices have skyrocketed in my area and based off comps, I believe my prop would appraise for around $700k.

You have great monthly income and there is no reason you shouldn't be 740+ with the correct kind of debt. 

This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.