Hopefully they have enough income without the rent to qualify.  

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Would I still be able to qualify for this?

Some costs MAY qualify as startup costs if the rental rises to a qualifying trade or business level under 195 as well.

This is due to bonus depreciation which allows taxpayers to deduct 100% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.

Solar panels may qualify for the 30% federal energy credit, and advertising expenses, like adding your company’s logo, are deductible.However, Section 280A restricts deductions for any dwelling unit used as a residence for more than 14 days annually, even if partially used for business.

As already mentioned, he wouldn't be able to use rent from roommates to help qualify but based on the numbers you shared there should be a VA option available considering how much flexibility there is. 

If anything, when you accept rentals in the higher-end neighborhoods, the rent rate exceeds the voucher limit, meaning the resident has to have their own income in order to qualify.

If they only make $2000 and know their income has to be $3000 or higher to qualify, they can apply elsewhere and save the $30 application fee.

I thank them for their interest and let them know they do not qualify.