What should be my process?

[Jeffrey Vlk]

I am new to being a landlord and I had a military member just contact me about viewing my property and he has to go back to Japan tomorrow because he is on house hunting leave. He said if he likes the property he will fill out the application right then and there. What should be my process during this? If he likes it, have him fill out my online application which has links to his criminal and credit reports, then tell him if he qualifies and have him fill out a holding contract for $350 that would go toward the security deposit when they actually move in. Then when they move I have them sign the lease and have them give me security and 1st months rent in guaranteed funds? I know he wants to secure the place for himself but I also want to look out for myself and have the house still on the market unless he pays to hold it.