If we rent by the room how should we expect a PM to charge fees - based on total rent of all rooms at 100% occupancy, or by the room?  

(That Freddie Mac index tracks bought down conforming 80% LTV owner occupant SFR rates btw, not 0 points high balance 2-4 unit investor rates)

@Dan SchwartzHe's not out of business, but his occupancy is probably 1/5 of what it was 6 years ago. 

@JoeI'm pretty sure those kakaako condos all require owner occupancy and are not for investors.

The house is a complete disaster and in process of an exstensive remodel now,,all due to my FAILURE to make and ENFORCE occupancy numbers policy.

* Assure that persons with disabilities are able to live free from intimidation and harassment; and * Require that multi-family housing built for first occupancy after March 13, 1991, has certain accessible features (e.g., a usable kitchen for a person who uses a wheelchair).The Fair Housing Act prohibits housing providers from discriminating against applicants or residents because of their disability or the disability of anyone associated with them and from treating persons with disabilities less favorably than others because of their disability.

Since FHA loans are only given to owner occupant homebuyers, if you were hoping to use the FHA loan to purchase an investment property, your question becomes moot.The FHA loan guidelines are more relaxed than conventional loan guidelines; this includes less strict regulations about past bankruptcies and/or foreclosures, job requirements, use of alternative credit, and debt-to-income ratios.

-The property must be stabilized at 90% occupancy for 3 consecutive months to be considered.

Therefore you will have to go through the eviction process and on the legal forms (for a name)  you will put "All Occupants". 

After foreclosure the new owner will have to visit the property to determine occupancy.