The relocation need not be employer mandated to qualify for this exception.

I know it varies wildly, but what do you think on average a builder can make as a self employed, one man GC/owner builder, building a few modest homes per yr in the Southeast?

Once I quit my job and become fully self-employed I'll most likely have to wait at least two more years to re-qualify for a mortgage.

A lot of employers don't withhold properly for local taxes and non tax professionals that do their own taxes through TurboTax type services usually don't realize they have a local municipality tax obligation. 

I recommend a full background check, credit check, rental and employment verification (at least 3x the rent income) as well as walk the current property that they live at.  

IIRC, as our broker was shopping around our complex mortgage (my wife's employer was 1st mortgage, and we had 4 banks to choose from for the 2nd mortgage), one bank wanted a short, informal letter stating that we were comfortable being landlords.

I think there's a strong lack of confidence, job growth (full time, well paid employment), and real corporate earnings in the world. 

The IRS recently provided guidance regarding eligibility under the CARES Act and specified that a qualified individual includes an individual who has a reduction in pay (or self-employment income) due to COVID-19.Distributions:If so, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.

Their headquarters is in Cupertino and they employ 25,000 people there.

I would anticipate an 18-year-old would have below-average credit and less than two years of employment history, so you must have done something else to get the payment down that low.You don't account for vacancy (estimate at least $600 a year or $50 a month).I would consider $120 for capex.So cash flow is probably closer to $400 a month but I still believe that's due to a large down-payment or something.