Bigger Pockets requires you to "Connect" with someone before they can get that detailed.

One lender may require the cash out be used for business purpose exclusively, another may not have the same guidelines. 

This is before we account for vacancy, management, capex and maintenance, etc.

Or are you offering cleaning & maintenance services?  

There are a few reasons for this: 1) They are costly and the Exchange intermediary may require a whole host of inspections including environmental reports etc and 2) One has to come up with the cash to buy the new property without getting the equity out of the first property - not everyone can do that - add in having to get a loan while still being obligated to the loan on the “sale” property.

Other popular fees are maintenance fees, release fees, eviction fees, inspection fees, and the list goes on and on. 

I'm thinking of making the main requirement to live in the home be a master's degree.  

Does their contract require you use their vendors?

I require no less than 3 profitable exit strategies, if I can't hit that mark it's a no-go. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?