That is why I'm focusing on some of these "higher end" markets because rents are more likely to continue to increase and the tenant base is really solid.We should connect sometime! 

From what I've seen, most of the operators that are leasing properties that size are non-profits.There is one non-profit group I know of that primarily operates six-bed homes that currently own the real estate, but are starting to sell the properties to investors and leasing them back. 

Some of these other options you listed are decisions based on how you want to live and how you feel about having strangers in your primary house and aren't something we can tell you to do. 

I've personally worked with a handful of "investor-friendly" lenders, primarily on DSCR loans in recent years, and each time I've run into significant delays, lack of transparency about the process, have been fed the requirements in a piecemeal fashion (every few days there's a new random request rather than having it all organized from the start), and have even run into lenders who were substantially misinformed about the real estate industry or the laws that govern it on both a local and federal level.I think there should be a better site to encourage accountability by tracking how long it actually takes each lender to close their loans on average, and what unexpected hurdles investors encounter when trying to work with them.I can't seem to find such a site.

@Sandeep DhallI use DIY and I love them for the algorithm-based studies.

We take their lunch money every year because clients ultimately don't care about the brand - it's the systems, training, communication, and people that can keep clients happy (or not.) 

Just go about the steps to evict him based on the advice of your attorney and go from there.

Some base their decisions strictly on numbers and do not care about the area, while others are okay with a lower yield but focus on the city and even specific neighborhoods.

Any recommendation for a good preferably open source rental management software that primarily handles back end accounting? 

Essentially I want to know if the deal can be killed at my discretion as soon as lender A denies financing or if I would then have to get denial letters from lenders B and C as well to kill the deal.There is the small matter of your lack of good faith and fair dealing with the seller if you qualify through others and elect to kill the deal based on the lie that you can’t get financing.