I feel like the first option would likely occur, but I also feel like that's bad business for me and would be worried the renter would leave a bad review because of it, and thus possibly make it harder to rent.

If not, DM me. 

I mainly  focus on properties with Add value potential in Tulsa Ok.

Can someone help me wrap my head around this with real numbers? 

You are welcome to DM me.

Let me know if anyone need help in that.

Feel free to PM me with any specific questions or if you need advice.

You will probably have some sort of limit regarding mold/medical, but thee things can turn into a mess, trust me, I manage a lot of units and have done so for almost 30 years. 

Thank you for any advice that you can give me.

FHA has caught on to this trend & updated the guidelines to prevent people from abusing FHA financing.Here are the guidelines directly from the FHA Handbook:Policy Exceptions Eligibility RequirementsRelocation: A Borrower may be eligible to obtain another FHA insured Mortgage without being required to sell an existing Property covered by an FHA-insured Mortgage if the Borrower is: • relocating or has relocated for an employment related reason; and • establishing or has established a new Principal Residence in an area more than 100 miles from the Borrower’s current Principal Residence.