That means effective showings, effective applications, checking references, background checks, collecting cash or cashier checks for first & deposit and waiting for them to clear, starting the eviction process immediately if they are a no pay, etc.  

I like your plan to tie the effectiveness of the designer to the bottom line. 

@Manny Martinez FHA monthly mortgage insurance is typically 0.85% of the loan amount, so you are effectively already paying the rate you were quoted, $200 per month on an $80,000 loan amount would be about the equivalent of a 3% interest only loan, now factor in the difficulty in finding a 2nd mortgage in todays rate environment that low and assuming the refi rate you are talking about is a fixed rate, your $200 extra per month is paying down the balance of the $80k further reducing the effective rate you are paying on the $80k, all while paying about the same effective rate on your existing balance when you combine your rate and MMI... seems like it is a good move to me or at least better than finding a 2nd mortgage.

In addition, I would discuss what your thinking and what your attorneys advise with your CPA to make sure you have a complete picture of everything involved and how it will effect your bottom line. 

@Stuart Udis I was wondering if disclosing this to the broker could have adverse effects on the appraisal itself.

You are effectively operating a hotel.

Often the regulations are passed and don't take effect for months.  

@Stuart Udis Not saying this is the most effective setup lol, this is the just example we're working with.

Effective communication, emotional intelligence.

Of course, certain markets will be more effected than others.All the normal hot spots will likely see a larger decline than the more stable regions like mine in southwest Ohio.