They will be one lease to a room.That being said, the nonprofit will be filling the house based on their need; I will not be screening nor accepting/denying applicants.

Once you complete their application process, they will determine you don't fall under their top tier borrower qualifications and propose terms that are far less favorable.

For your due diligence, you can also ask to see the tenant's original application and screening reports. 

Here are my thoughts about your decision to refinance.Process:Understand your current loan terms.Check your credit score.Compare offers from different lenders.Get your property appraised.Submit your application and go through closing.Considerations:Current interest rates vs. your existing rate.Amount of equity built in one year.Closing costs and fees.Your long-term financial goals.It's a complex decision, so consulting a financial advisor or mortgage specialist might be helpful.

I'm wondering, is this not a major problem for landlords if no further applicants are getting approved for vouchers?

In a few of the states there is either a form. you must sign or an application that your escrow closer must file in order to exempt from any state taxes or withholdings that might normally be collected at sale . 

Then I take notes and move the Meeting forward in my calendar as needed.EXAMPLE:Name: Bob Smith Phone: xxxxxxxxxx Email: xxxx@xxx2022-04-12: rcvd employment application, sent to HR for background check2022-04-10: Initial phone interview, moving forward with questionnaire2022-04-08: Received resumeSo, what do you need besides this to better organize you

If you are going to operate a short term rental you will need to fill out an application with the boro of hopatcong.

Also, any underwriter is going to heavily scrutinize a new primary residence loan application if they see that you recently (under 1 year) bought a primary residence in the same general area and have already converted it to a rental. 

I recently had a request to apply for a unit come in that said "I am apart of the St. Vincent de Paul challenge program and are looking for housing that's willing to work with the program. All expenses will be paid on...