It may make you feel warm and fuzzy that you have them "locked in" for 2 years, but its an illusion.

@Christopher Lynch Feel free to reach out.

How should I set up my business structure so that income from my rentals doesn’t increase my personal income reported to the IRS?

and include my tenant's name and this unknown person? 

Feel free to reach out if you have any questions.

First qualified person that give a deposit gets the place. 

Feel free to reach out to me anytime with any questions in regards to construction loans

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

DSCR loans offer alternatives for DTI/income and employment, but generally still have strict personal credit requirements. 

@John Guillory I personally believe that its the way in which you are presenting yourself when you talk directly with the homeowners that gives the "shady" terminology.