Yes, it would qualify.

Therefore not many people that may qualify to rent at $600/mo.

I still get qualified candidates from all sources. 

However, Peerspace has $100 deductible for qualified damages which is not so great for minor damages, or even some damages that cause around $200-300.

If you are someone who qualifies for an FHA loan, its an incredible tool to take advantage of and you should start there.

Consequently you either sell to the least qualified owner occupant imaginable, likely pay 6% seller assist, get crushed through the home inspection process or come to the conclusion going through that process 4 times is not worth the hassle and find an investor to purchase the homes as a package at a discounted price.

Are you aware that a percentage of rent on additional units of MF can be used as income to qualify for the loan? 

I believe I can qualify for the HELOC on my own, saving my wife with additional debt ( when used) on her credit.Is there anything to think about if I apply to the HELOC solo?

I planned for it financially, but it's a headache for sure. your rent is too high if they are sitting vacant.. there is more inventory than butts to put in them.. therefore competition for the few qualified tenants this will cause rents to go DOWN.. if a property is not rented in 2 to 4 weeks your rent is too high .. this is one of the major risk factors that many dont see when buying in a subdivision of group of ALL new rentals..

It will take criminal legal action or very heavy civil penalties to stop what he is doing, which is marketing dreams and selling crap.yes definition of a DREAM MERCHANT with no experience or credibility other than being on TV to back him up.. !!