I love what Landed (www.landed.com) is doing, starting off with a focus on school teachers so they can afford to live in the districts where they teach.Something I'd love to do when I have the resources is establish rental properties that are affordable based on one's income across the board, e.g. rent NTE 25% of take-home pay (or 30% of gross monthly, or whatever makes the most sense).

Nobody on the Board denies that the job done was in the common area.

Has to be the right fit of course and both partners need to have some skin in the game but win-win all the way.  

Screen them and reject their application if they do not qualify or IF/WHEN you find a more qualified applicant.There is always a reason to reject a applicant and always better applicants around the corner.

The ability to qualify is tougher, the length of time to get a loan etc is going to take you out of the best investment deals.Honestly its tough to compete in Dallas with anything other than cash offers.I personally would look for a duplex to house hack, and realize that it might not cash flow at first, and let the time I live there make it a better investment.That is what we did, the original numbers weren't the greatest when we bought our first duplex. 

Will I qualify for the loan? 

If all your questions are answered positively, I would still have a contingency clause in the purchase agreement that would allow you to "walk away" without any penalty that is financial and before I closed I would hire a professional and experienced Inspector that would make you aware of any possible negative/unexpected things that he discovered.I would not buy a single family house for rental unless it was used as a "house hacking" loan that I felt pretty good about qualifying for it.There is only a couple reasons that could make it OK to purchase. 

We did tell them that depending on the outcome of the medical board,  which was expected to conclude late November,  that we would try to move out early. 

Financing options would include an FHA, a 203K (if it qualifies), or potentially seller financing. 

I was trying to consider some factors that may come into play - from what I understand you can put as little as ~3.5% down under an FHA loan - will it be more beneficial for me to put "more skin in the game" with the largest possible down payment I can make (say, closer to 10-15%)?