You may be able to qualify for up to 5% downpayment assistance through their program. 

If I'm not qualified due to DTI now, I probably won't be in 3 years and the bank still isn't going to want to loan the balance to me right?

I can explain off-line if needed.There is also a "process" for qualifying a foreign entity...

Commercial may have higher closing costs but may also be easier to qualify for and also typically a term less than 30 yrs.

The pre approval letter has the amount that i have asked to be qualified for which is more than their asking price.

The firm will call the bank, get the payoff, and qualify the rest of your property as clear title. 

Remember that the job of your marketing piece is to get your prospect to call and for you to qualify.

I'm suspicious that there might be a reason the property won't qualify for a mortgage.

.$50 per small dog (under 25 lbs) per month, $200 upfront non-refundable fee per animal$75 per large dog (over 25 lbs) per month, $300 upfront non-refundable fee per animalMax one large dogMax two small dogsMax three catsNot sure if I'll run into problems like @Fernon Meeks mentions, but ALL of the qualified sets of tenants (3 sets) that have applied own pets in my rentals over the past two years.

Whether or not you have enough income and reserves to qualify for that many mortgages is between you and your lender.