That is an issue for the person who handled your closing (ie why did both they and you miss it) to deal with. 

I do not personally account for deprecation when running numbers. 

Personally, If theres a good tenant that has been there 10+ years paying on time, I would be ecstatic.Think of all the headaches you are going to save!

Underwriters are now overly trained to see when a person is trying to use a loophole or take advantage of the system.

Hard Money Lending How did you add value to the deal?

Plus, keeping it as a rental helps you avoid any potential loan fraud issues—something worth considering based on your risk tolerance.The new house could be great for personal reasons, being closer to your parents, but with a higher rate and payment, the financials aren’t as sweet.

I was a RE broker doing acquasitions for a large syndicator in the 80s in San Francisco / Sacramento market.. and thats what brought down their billion dollar buziness taking reserve money from good projects to prop up losers..

The question is—do you have enough weight in your money-raising capacity so the Sponsor would agree to provide you with all that?

So if you are still uncertain, could just make a lease with employer and give that employer rights to sublet to the person, thus your lease is with employer and there on hook to you, and they can deal with the person and all that liability. 

While the bookkeeping will likely be complicated, is the accounting/taxation on this STR based on 100% STR income/expenses allocated 100% to business and general house expenses (mortgage, utilities, depreciation etc) pro rated between STR/personal residence based on sq footage?