My time is rarely wasted since there is almost always at least 1 qualified person showing up.

That means you would have to qualify based on your income and your debts.

Sounds like this is more about your ability to qualify because of claiming depreciation.  

Oftentimes, we would work closely with CPA to make sure how our borrower's taxes can be filed that would save them from paying taxes, but also making sure they can qualify in a lender's perspective.You would want to make sure your first few deals has an acceptable of return in order to lower your DTI and expand your investment portfolio in Real Estate.

You don’t get qualified independent consulting advice for free, which I see as an expectation by many posters.  

@Archie BarrettJust wanted to say that there are MANY reasons to consider a DSCR loan vs a conventional loan, not ONLY if you do not qualify for a conventional loan due to DTI.Possible DSCR Benefits:Can do cash out refi prior to 1 year seasoning of the mortgageCan do cash out refi with no seasoning of ownership (with some lenders)Can do a loan with much less paperwork (this comes more into play every time you add a property)Can close on a DSCR loan directly in your LLCCan have your DSCR loan not report on credit (depending on the lender)DSCR loans can be cheaper than conventional loans for many credit scores and down payments.

So as long as a sale qualifies for a 1031 exchange you can do as many as you want in a year. 

If I utilize qualified funds would this investment be subject to UBIT re UDFI?

I can qualify for the loan. 

Additionally, depreciation on the building (not the land) is a significant deduction, and if you manage the property from home, you may qualify for the home office deduction.