In my city there isn't a single listing for under a million and people overbid and pay in cash on a regular basis.

They’re asking that I designate a project manager who would be able to visit the site regularly, but is not the GC.

. • Regular monitoring of approved leases to ensure proper actions are taken at the leasing expiration and renewal dates. • Preparation of quarterly reports for the Board of Directors outlining the current status of the leasing program. • Coordination with the Association attorney as needed for enforcement of the leasing provisions. • Assessment and collection of costs for this program from the leased units by the authority of the Community Covenants, Conditions, and Restrictions (CCRs), $150/year.

State that the sale price will be determined by an appraisal at the time the tenant wishes to exercise the Purchase Option and set a minimum floor price around current market value or slightly below. 

So, if I am receiving regular rental income, payroll deposit, and such that can be sourced, it can be immediately used and does not require the 60 day period, correct?

That way you still make a regular income but don't have to be a landlord.

As for our local rentals in Illinois, we still use the old-school regular key for each unit too.Thank you everyone for your suggestions.

With all that being said, USDA like every other loan program out there, can exercise the mortgage acceleration clause if you are not abiding by the terms of the contract. 

You compromised your lendability by taking write-offs to show you didn't make much so in a bank's eyes, you didn't make much.Any alternatives that are come here (sub to, seller finance) aren't realistic for a regular home buyer.

I learned that I enjoy investing in value-add multifamily which has a great mix of regular cashflow, but also upside upon the exit.