That's 50k a year gone and you are losing tax write-offs and equity potential.

I have many investors with the same goals and want to be hands-off. 

We often would offer concessions such as no security deposit or do half off first months rent or even a discount off the first couple of months.

And recently, after much pushback, they backed off the plan to not let you transfer the permit to the next property owner when you sell.

Your screening is limited to ONLY what RentRedi thinks should be part of the screening process, and rent payments...well, you will be reported to the IRS for the fees RentRedi charges..and RentRedi will not give you their W9 to write those off as an expense.

I do think the house hacking method will be the best method for me considering I will not be starting off with the biggest down payment.

It is not uncommon - main reason we see right now is over inflated original ARVs and now borrowers cannot sell and pay off the lender. 

I’m in home remodeling sales and work about 20-25 hours per week and off weekends, so I have a ton of time on my hand waiting around for appointments. 

So, I took it off my Application and haven't really thought about it too much since then.I don't remember now where I first heard about it. 

In your case, you are probably better off buying a break-even deal in Tampa then a deal with $200 cash flow OOS.