Purchasing Additional Rentals Up Against DTI

[Dan Cox]

Hi, I am fortunate to own my own home and two single family rentals. I am in the process of 1031 exchange on one of the rentals. I am on a fixed income. The lender says my DTI will be close attaining the new loan for the replacement rental I would like. The other rental has 250K equity. I would like to eventually cash out refi that rental and purchase one or two additional rentals. How can I utilize the equity for down payments if I will be up against the DTI ratio? I could try to find less expensive rentals but it seems I either have to use a significant amount of the cash out for down if o want a more expensive rental or find units where the rental income/expense will not increase DTI and thus allow the cash out refi/purchase. Thanks for suggestions..how to utilize equity when DTI is a factor. 800 credit, no credit card debt. Thanks for your time. dan