@Gayle Eisner Simply do another 1031 to a property somewhere else to avoid the capital gains taxes if applicable.

Honestly, before the paid subscription, lots of tenant messaged me for showing and submitted application as well. 

Ordering a full topographical survey of the property (which will be required for future development and application processes anyway) will give you the ability to show engineering/design groups what you have, and they can give thoughts and bids leading to a site plan. 

And if you have multiple series inside the LLC you will not be permitted to use the name of the LLC on subsequent applications for additional series.

It does get easier over time with knowledge and application, and once you have multiple properties, you can start to use leverage to buy others. 

I have a clause in the lease stating that " Any notice to terminate this tenancy must comply with the applicable legislation of the State of Texas (the "Act")." and "a re-rent levy fee of $500 will be charged to the Tenant". 

As long as your applicant is approved through your housing authority to pay what you advertised your unit for and as long as you don’t broker a side deal after the HAP contract is signed for additional rent you are OK to proceed.

@Bradley GasparovichI would also add your stance on an applicant with a criminal record and previous evictions. 

I'm trying to understand the reasons....pros/cons.... to requiring occupants 19+ years or older to fill out application?

I have no doubt @Carlo D. will be able to open the bank account he desires but when it comes so submitting loan applications the lender's underwriting team not only has to underwrite the property and review the borrowers PFS and personal information but also has to make sense of the ownership structure and who will be required to guarantee the loan.