I assure that is the conversation in those board rooms "ah, almost feel sorry for the suckers, but hey, business is business". 

Yes, it would qualify.

I still get qualified candidates from all sources. 

Therefore not many people that may qualify to rent at $600/mo.

They have no skin in the game, they'll just move on to the next owner.

You can use a market rent 1007, Air DNA, to qualify.

The manager is there from 2-5 weeks and he pays him a salary plus room and board.

I’m not able to personally qualify for cash out refinances.I’m looking to sell my home located in Southwest Florida in a HOA community but want to remain in the home to lease- 3 years or more.Does anyone have experience with this type of program or have any suggestions for me on where to look to get this done.

I planned for it financially, but it's a headache for sure. your rent is too high if they are sitting vacant.. there is more inventory than butts to put in them.. therefore competition for the few qualified tenants this will cause rents to go DOWN.. if a property is not rented in 2 to 4 weeks your rent is too high .. this is one of the major risk factors that many dont see when buying in a subdivision of group of ALL new rentals..

What qualifies as a one time expense is generally the underwriter's discretion.