The lending executives at the smallest local community banks are going to be able to be a lot more flexible and help you come up with a creative solution. 

Anyone else have this issue or a solution for it?

You have way more solutions to your problem than they have to theirs, apparently.

I can connect you if it's a worthwhile solution for your situation

Alternatively, do you have a better/easier solution?

I am currently in college for Business and Accounting and so I enjoy making Excel sheets for calculations and for other calculating solutions.

Would refinancing the first property and then in turn using FHA for the next property be a viable solution?  

I’ve had clients that were unable to get what they needed from a large call center that got the coverage they needed with me (sometimes the solutions are a little more creative than they expected).With that said, people are terrified of being sold.

What solutions have you tried and were they insufficient?

It sounds like a good money move if the rental property is looking risky from a CAPEX perspective in the first year.My solution - I hope the furnace continues running for the remainder of this winter giving me another 8 months to save additional capital for the eventual replacement.