also, make sure the funds from the sale of your CA property are deposited directly with the qualified intermediary....anything that goes directly to you from the sale of your CA property is ineligible for a 1031 exchange.

At this time I will have been a resident in Florida for a year which hopefully qualify me for instate tuition.I will a lot myself 4 month to finish up Pre-requisite module and 2 year to complete an MBA part-time.9/2017-1/20205.

The lender still qualifies you.  

So you would have to qualify only using your income/credit/assets, not that of any potential tenant(s).

I am concerned as to whether I will qualify based on my DTI when it comes to Income Verification because of the situation in which I get paid.

These programs are for owner occupied purchases only but allow you to complete the purchase with 100% financing and reduced closing costs and you may even qualify for closing costs assistance to cover the rest.You may also wish to check out the local REIA club meetings.

Instead of your personal credit, the property sustains itself (using the DSCR number to qualify for the loan). 

If you're slightly outside of qualifying, such as proving income because you're self-employed, your DTI is too high, no tax returns, etc, then there are wholesale lenders that can help and their rates start in the mid 4's.

Because it looks bad to override another DE.Your best bet is to see if the buyer can qualify for other financing (there is a new 97% LTV Conventional product called HomeReady), or maybe your state has down payment assistance programs (i.e. here in IL we have a $7,500 DPA program through the state you can use with Conv financing depending on the area, purchase price, and household income).Hope that helps, best of luck.

Spent another 90k out of pocket for the rehab.Filled with qualified tenants and cut expenses almost in 1/2.Now it cash flow +/-15% and is worth almost double what I paid.