At that point we begin consideration of the next application in line. 

If I added my $600 monthly room rental income on my taxes this year, is there any lender out there that would take that into consideration when calculating my debt to income ratio or will the lack of two years worth of proof be a dealbreaker for most lenders?

Due to the very short time the tenants were in the property, and in consideration of their inability to inspect the premises, management has decided in lieu of the standard lease break penalty equal to two months of rent, we only charged an amount equal to the security deposit provided they moved out within 1 week and left the premises in broom swept condition, and that they allow us full access during reasonable hours (7 am to 7 pm) to show the property to other interested prospects while they are finishing moving out and cleaning."

Holiday weekends I can be considerably higher than other properties but due to the massive amount of 5 star reviews I have on Vrbo I get booked at my higher rates.I'm not sure if you can create a listing with Vrbo or Airbnb as they should be verifying ownership.I would contact the management company and explain the situation and try to negotiate retaining those bookings if they haven't been cancelled already.

Great Point @Cody L.I will take it into consideration.

If your sole consideration is the need or desire to self-manage your investment property, then buy locally.The principle of substitution states that the upper limit of value tends to be set by the cost of acquiring an equally desirable substitute, assuming no untimely delays.

I would take into consideration what your tax consequences would be.

I asked before if it’s in a good neighbor does investor take that into consideration or do they just care about the bottom line?

How worried would you be about the above mentioned situations and what would be your considerations?

It's not that hard to be a good and considerate neighbor.