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. 

You are limited in your options if something worse should come along later, such as a large investment going bad.If $10,000 CDN is a show stopper for you, how do you expect to manage a $600,000 CDN property? 

My opinion only 2 cases make sense for the seller 1) they have few options and this presents the best means to get out if a bad situation.  

Rank them from worst to best in capital expenditures expected*optional, not always necessaryAdd those numbers together for each property.

MTR may be a better option if not wanting to LTR. 

If it is purely and investment, then a LTR is a very viable option, as there is good demand for LTR. 

When I help buyers in COS and they see $700+ HOA and I explain the land lease scenario they don't consider it an option.   

Our software has an option to have someone who looks at our pricing daily and tweak yes. 

A quick google search of your state indicates the following regaridng timeline to give notice:30 daysFor tenants who have lived in the property for less than one year, or have a lease for less than one year60 daysFor tenants who have lived in the property for more than one year but less than two years, or have a lease for more than one year but less than two years90 daysFor tenants who have lived in the property for more than two years, or have a lease for at least two yearsI'd definitely touch base with an eviction attorney in your state to ensure you are not missing any steps and to have the attorney as a backup option in case the tenant does not vacate easily.

@William Bohan as others outlined, there are several logical options, all with pros and cons (of course.)