This is neither right nor wrong but a gamble that you and your husband need to agree upon.

Before screening, establish your minimum criteria to rent.

After some time I refi out of that loan to re-establish my VA Loan status for use with another home...in a different area of course because the military has moved me.

A multi-year lease is extremely beneficial for both the tenant and landlord.The goal for the tenant is to establish a valuable home for a predictable period of time.

Insurance is just a gamble. 

Hey all-My partner and I manage a duplex right now in Cleveland and are looking to expand our business venture with about 5-7 properties within the next 12months and a 15+ unit commercial building the following year.For the most part, we have been "landlords" so we are looking to establish the right team to become more efficient and more profitable with our investments.

The lenders are a 75-80% partner in the deal; so, it's just part of finding a good fit for both sides and establishing a business relationship.

It won't be hard for your father to get business line of credit on his name because of established business. 

At best its a semi-educated guess, at worst its gambling. 

In the event a lease could not be presented we asked for same proof of payment to establish rent amount if that was disputed.