DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

@Brian JasinskiYou could also speak to the seller, offer to put down an additional deposit, and see if they will extend the closing date by 60 days.

in addition, the property (2 units) has appreciated over $1m since acquired.  

@Russell PayneLong term rentals get a lot closer to the idea of “passive income” often touted here.

I am looking into purchasing low income homes and going the Section 8 route. 

I've reached out to the local housing authority for additional information waiting to hear back. 

If you can go 'Full Doc" another words use income to qualify plus rents it would be worth it to take a look at other options.I would be interested in knowing what program you are using and the property type.  

However, rate would be prime + index + an additional +2% for the shock factor just to qualify, but you can draw the funds whenever you want and just pay the balance + interest vs cash out where you have to draw all the money after closing. 

Seems to me it would provide a more consistent face to the tenants and would streamline income and expenses tracking and payments. 

Find ways of financing your project in addition to evaluating its relevance based on what you earn.Be aware of the dangers involved in investing in the real estate industry.