The money will just be sitting in the bank or under your mattress collecting little to no interest that will definitely less than inflation (especially right now). 

Maybe we can collectively come up with different solutions of strategy and evaluation. 

How would I go about screening applicants and collecting payments?

They’re supposed to collect exactly what they think they’ll spend in the next 12 months plus make up any reserve shortages. 

Or maybe you could just put a lien against their new home and collect the money when they sell.

We finished our refinance early this year and collected our NCDOT funds and the property is doing well Lessons learned?

Not a lot of value add, but if I had to choose something it was switching from a STR to a traditional rental and going from collecting zero dollars in rent to collecting 1500.

I believe collectively we should retain counsel and organize PR to show why we aren't to blame for affordable housing issues. 

I own several large apartment buildings and started purchasing homes in 1972, but  I barely got by until I started investing heavily into multi-unit properties in 2001 and I made $30 million since 2001 doing real estate only part-time while running a construction business with 60 employees.I would tell one of my relatives or friends to look for single family properties where collecting rents can barely keep up with inflation.

Luckily, Fayetteville is non-rural, so there's a good chance the Lender will find sufficient comparables to warrant a strong value.Regarding the seasoning period to show NOI for a cash-out refinance, the Lenders I've encountered typically compare what the rents collected are vs market rents, and usually go off of the lesser of the two.