A friend of mine told me about her parents' vacation rental arrangement, and this setup really appeals to me. 

No matter how much (or little) you make, arrange your lifestyle so you can save 20% of your income for investing later on.

If they have exceptionally good credit, the best they could hope for is 90% LTV (with owner occupancy).Another option is just selling the house to a typical buyer instead of an owner finance arrangement. 

Our closing is quickly approaching, and the attorney-trustee has not arranged for the non-owner occupant to relocate! 

If you made changes that resulted in taxes being due, the UW will want to see that has been paid already, or a payment arrangement established (requiring IRS acceptance obviously).

But as rent rose, I am contemplating that decision again.

How should the deal be arranged if I'm only going to keep their money for 5 months

I'm happy to talk anytime to go over the plan, the scope of work, contractor arrangements, and even personally walk through the houses if anyone is near Morristown TN.

If not you'll gladly do it but they will be paying for that arrangement.

@Brad HammondUsing another app would be me making special arrangements for him and I've rejected others in the past who wanted to submit their own so that's a no go.Interesting re the guarantor though, but I failed to mention im less concerned about the credit score and more about the background as I rent per room.