Oh, one more thing-- in our area because of the limited number of homes to use-- I don't see them giving much difference for a 3 or 4 bedroom. 

Why not wait around for a few more applicants?

I've been contacting my PM repeatedly and sending prospective tenants their way - but their excuse is the applicants aren't qualifying.  

With your lease, make sure you have an early termination clause, pest control, pet fees,  and the # and limitations, also I would recommend requiring renters insurance.     

Honest question, my impression is that condo investors do it to limit the time and complexity of managing the property. 

I believe the limit is $10k, and anything over that requires you fill out the form. if the money was earned legally, should be no issue.if you don't want to get the irs involved, I have heard that people have deposited $9999, and then the bank wont ask you to fill out the form. if you did this over the course of two weeks every other day, technically they may not be required to make you fill out the form.

First off these are illegal in my neighbourhood, and secondly, even if I tried to get away with it, the city is aggressively trying to get rid of these and it's simply not a risk I'm willing to take.Therefore, I need to rent the house as a single unit, and I will likely end up with a number of student applicants, and I'm not sure what the best way to screen them is. 

Loan limits?

You'll also be able to make contributions to the plan but those contributions will be limited to your 1099 income.

The FNMA deed of trust (Section 22) has a blank before the % that gets filled in:Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited to, Trustee’s fees of ____________% of the gross sale price and reasonable attorneys’ fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it.