Its really hard to overcome that much in HOA fees, which is similarly why Vacation Properties in Beach Areas really stink for cash flow.

I have always known that many wealthy people lost much and took great risk to follow their dreams and have overcome defeat, some even many defeats, in spite of the nay Sayers who only know defeat. 

If the latter, we follow up by mailing them an "Adverse Action Notice" as required by our state.

At a certain point you spend all of your profit trying to protect your profit.But you get the point regarding risk adverse personalities.  

File for adverse possession/quiet title/damages

You have no adverse possession issues, so evicting would be a waste of time and money, since he is giving up his rights to the property (and you should get that in writing).

I suggest you get written information from a loan servicer, show what services they provide, it makes life easier for a seller and can overcome objections of a listing agent who is not familiar with loan servicing (and they won't be usually).Show your aces, that is your strengths in your ability to cover the debt, manage the property, you should be the expert in the room on the topic and if you can't be, get someone with you that can be.

Feel free to borrow ideas from them or modify them to meet your needs.The applicants you describe would not meet our minimum criteria to rent, so we would deny them and send them a denial letter, which in our state is called the "Adverse Action Notice."  

You will have to learn things like the Fair Credit Reporting Act and adverse actions, and there is also fair housing so as to not be guilty of discrimination.

However, for all of those who applied and did not receive an offer to rent, you must send them an Adverse Action Notice, required by Washington State landlord-tenant law.