For this to be possible at your age, you are able to have a parent co-sign and use their credit, income statements, etc.

The plan is to cease the STR next year and switch to a MTR and thus, I would then report that property on Schedule E.My other property, which was also recently acquired, is already a MTR, and I would need to report it on Schedule E.So my question is: can I report one property on SCH E and the other on SCH C even though they are both owned by one LLC?

@Marlon OlivaresAssess your financial situation and calculate potential rental income to determine if house hacking is a viable strategy.

MTR and Section 8 are very different niches with little in common so it's very difficult to provide advice on your question.

Am I asking the wrong questions?

Depending on where you want to buy there might be better loans than FHA, BBVA for example has a nice loan called HOME that has something like 3% down and no PMI, depending on your income and where you want to live.

Happy to connect and answer any questions you may have.

With the appropriate documents and proof of income, is it possible to qualify for a DSCR loan and not have to come out of pocket?

None of us like ultimatums or, "take it or leave it" offers either.It's better to offer them 2-3 options where you "win" no matter which they choose.Another great technique is to ask them an open-ended question(s) that gets them to see the challenge from your point of view.So, let's apply these to their requests:1) This is more common than you'd think.

Added bonus would be being able to operate out of a savings account to allow some interest income on my reserves.