How do I get another mortgage?

[Rick Novotny]

Hello BP,

I moved to the Denver area for my career In March. I was unhappy with my income at my job in Kansas so I took a job here. I'm working a lot of overtime so I'm making triple the income now, which is about at $100,000. I've purchased a townhouse in Westminster for $300,000 to live in and rent the extra rooms. The renters pay pretty much the whole mortgage for me. I have to pay a little bit because I decided to live in the master bedroom instead of renting that room out. But it's very cheap living. I'm enjoying the benefits of owning property and would like to buy more in the near future. I'm currently saving for the next property. I'm saving around $3,000-$4,000 per month and have about $13,000 in liquid cash after I spent everything on my current one. I was thinking about buying the next one back where I'm from in Kansas City because the properties are cheaper. It seems like it might be a little easier to cash flow there. I just applied to get a pre-approval but I got disappointing news from the mortgage company. They aren't able to count my overtime hours as income and they aren't able to count my rental income as my own income. So even though my expenses are absurdly low, I can't qualify for another mortgage. They say my debt to income ratio is too high, even though it is so low that I'm able to save about 60% of my income. What do I do now? Do I find another lender? Do I find a partner? The major question isn't if I can do this; it's how do I do this.

Thanks for the input!

Rick