Let her know what you know, that it's not acceptable, and tell her she can go the easy way or the hard way.

Both of these options "should" drive your premiums down a good amount, and hopefully to a more acceptable level. 

Buyer ultimately pays it all, anyway, as seller factors in costs before accepting offer.

With regard to securing a tenant, I think you are attracting the applicants you want, but maybe are gun shy about accepting them. 1.

We simply hand them a letter that says the evidence they provided does not meet HUD guidelines and we consider the animal to be a pet.If you have a "no pet" policy, they are not accepted.  

Husband is willing to accept the $550K but IF it cannot be paid then a FORCED SALE OF THE HOME MUST HAPPEN.

The issue here is that if you wait until may you are accepting the situation and that is what a judge may see.

What is considered acceptable records varies greatly from one CPA to another.

Tell the tenant what their options are and they can either accept it or you can go in without them.

Or is there an acceptable or usual profit sharing for this kind of arrangement?