Most households are living month-to-month so it's not a good idea for most people. 

Furthermore, this loan is not primarily for personal, family or household purposes, but for business purposes only.Disclaimer: This is NOT legal advice and the wording was not written by an attorney.

The first shows the median household income tabulated by MSA and the second at the county level. 

I know in NWA average household income has increased drastically. 

I believe these are factors he misses are (1) appreciation (2) opportunity cost (3) average American income (4) ROILet's use my example to discuss the following points.According to C2ER, the median US home is $329,000, and the median American household earns $68,000.

If they passed your screening process they likely have a track record of success managing themselves and their finances at least in maintaining a household.

The project-based contract obligates you to rent a certain number of units to qualified households.

My lender just informed me that they now cap their count at 10 per "household".

There aren’t a lot of high paying jobs in the area as well (median household income 58k- https://worldpopulationreview.com/us-cities/st-george-ut-population) , so you’d be relying on people working remote should you have to rent to a longer term tenant in an economic downturn.

A 22-year-old E-4 makes roughly what a college grad at an entry level job makes, $45-50K/yr, around what the median household income in the U.S. is ~$51K.