Also, keep in mind your application is the first line of defense, so it could be (like Dracula to a cross or light), the application is doing its job and turning people away--even though they love it.... due to their rental or credit history.  

Most lenders will not use rental income in your ratio until you have two years documented on your taxes.

Or, they should have just told you that history says that only one in 25 Offers will have any chance, and that patience AND multiple Offers is the name of that game.

It has become a very "San Francisco" Market, If you want to look at market history do some research on the bay area. 

The final numbers have to be delivered to the borrower 7 days prior to funding, not 3-5.The Initial disclosures used now (good Faith Estimate and Till) are also being replaced by a combined document that is called a Loan Estimate Forms Set, and have to be delivered to the borrower in the same 72 hours from application being taken time frame. 

@Davon LoweryI always negotiate to use my preferred title company for one reason and one reason only...documents.

A "Mortgage" is actually two documents; the Promissory note and the Mortgage. 

I chose to venture down the path of a real estate agent because it requires less money to start-up... and it becomes very difficult to qualify for conventional loans without a solid employment or credit history. 

Since it seems you have a two year mortgage history, 75% of the rental income will count towards your income if you need to. 

Do they have all of the document forms needed for each real estate transaction?