Would it be acceptable to state in the policy that when a group of renters attempts to rent the house (i.e. college students, girlfriend, boyfriend, and a sister, or whatever) all possible combinations of 2 people must make enough money to equal 3 times the rent? 

Buying a single family home means you're covering all these costs as well.Don't forget about the additional upfront costs especially since they're new builds, furnishings, decor, electronics, cable/internet, small appliances, kitchen wares, window treatments, etc.    

@Matthew GardnerThere are too many tax benefits to mention in just one post and in such great detail.You should research the following termsDepreciationCapital gains tax treatment on sale of rental propertyQualified opportunity funds / qualified opportunity zones1031 like kind exchangescost segregation analysisbonus depreciation / 179 expenseStep-up in basis at deathEtc

You need a minimum of .5 acre for the septic and if it is less than an acre it requires an advanced treatment system.For $1500 - $1900 I highly doubt the availability of power, water, and sewer.There is little to no appreciation on these, there are tens of thousands of lots still available.Sent me what you have and I can give you a read on them.

Cash flowing your property with some combination of nightly/short term rentals on AirBnB or VRBO or an OTA can present some challenges.Practically, turning nightly rentals can be a challenge.

Yearly $11,184.2 employees earning $11/hour * 2000 hours/year = $44,000 combined yearly salary.$11,184 / $44,000 = 25%.Plenty left over for repairs, food, transportation, etc.

Is it important to do as much upkeep as you would for your own property (biweekly mowing, regular fertilizer treatments, aeration, etc)?

I'd do a combination. 

@Adam NobleOne must define whether they want an investment, a business, or a combination of both.Owning a residential property and renting to long term tenants is an investment.

So, I've been put together my plans combining what I've learned from David Greene, Graham Stephan, and Grant Cardone (among many others).So here is a high-level overview of my plan.