Any recommendation for a lender that works with investors, understands their needs and can use rental income to improve DTI ratio?

W-2 income?

As you go down the scale of desirability, the price goes down, until you reach the small station, in a bad location, hard to get to, in a low income neighborhood, with environmental compliance issues.  

I work with a commercial lender that loans based on the property, not your income (no tax returns or W2's). 

Taxable Value 75,830Purchase 50,867Tax 1986.70Vacancy 10%Repairs 5%Capital Expenditures 5%Property Management Fee 10 %Investment results: Purchase Price: $50,867.00 Purchase Closing Costs: $3,000.00 Estimated Repairs: $0.00 Total Project Cost: $53,867.00 After Repair Value: $70,000.00 Down Payment: $10,173.40 Loan Amount: $40,694.00 Loan Points: $0.00 Loan Fees: Amortized Over: 30 years Loan Interest Rate: 5.000% Monthly P&I: $218.45 Total Cash Needed By Borrower: $13,173.00 Monthly Expenses: $643.95 Total Cash Needed: $13,173.00 Cash on Cash ROI: 5.11% Purchase Cap Rate: 6.48% Really, I know it’s not a great deal, but it’s a property that I can buy into for cheap.

This is a great opportunity for a leasing agent to really learn the business and increase their income.  

Generally houses are sold for market value as determined by comparable sales not net operating income.  

I will do some of that but after listening to some BP podcasts and doing some general Googling I feel that I can supplement my income nicely in the flip or rental game.

My intent is to develop some passive income through rental properties and also flipping.I'm finding the information on BP to be awesome and so glad I found it!

It's more expensive, but has significantly less paperwork, requires little to no income documentation and the construction financing will be paid out in draws.