I am not able to qualify for a traditional loan due to my lack of job history.

Luckily we have a new (much better qualified) tenant in the rental now.  

It all depends on your goals and what you can qualify for :) 

IMO it could be there in order to make it clear that they the lender had a good reason not to qualify the buyer in the same way that a residential homestead loan might be qualified for.

You need the income to qualify for loans etc and getting enough cash flow to live on takes a ton of dough and years and years to building up. 

This includes during an open house as I will keep them in the order they got submitted to determine who submitted and qualified first.

What I have seen is formal written notice being issued and if the owner refuses to comply with the rules after that, the HOA simply places a lien on the property.

We've been mostly targeting conventional loans because we've been qualifying for low money down and want to avoid FHA if we can to increase our odds of our offers getting accepted...which hasn't been the case yet.

Your only hitch is deciding if you qualify to do a 1031 on this sale.

I can handle the mortgage of roughly $1,500/month on my own (it'll just make my timeline for paying down CC debt a little longer), however I'm worried I won't qualify for anything.