There is so much detail here, it would take hours to explain, and things will still not be completely clear. 

If you are new, you want that contract to be tight, but more than that, you want to be able to explain transparently what you are doing and that starts with a streamlined contract with assignment clause.

In the meeting we heard from the many tenants who are victims of predatory landlords and from housing providers who attempted to explain how rent control destroys the business model for a housing provider.

@Scott Trench, you’ve more than adequately explained the two opposite scenarios for subject to.  

Explain to your contractor that you need a reduced price and if he/she will accommodate you will always bring your business their way and you will refer everyone you know to them.  

We explained to her she could find someone to sub-lease with our approval but one way or another she was on the hook for rental payments through the end of her lease and she seemed unaffected by potential legal action if a suitable sublease was not found.Anyone have any advice on this situation?  

If not, let them do month to month, but at a slightly higher price explaining that you will have problems getting it rented later in the fall once they move out. 

Tour the property, show them the property, explain to them that the minimum requires are verfied with a background check and income verification that they pay for.

It comes down to how agents explain it to sellers and buyers.

We still own the condo, we just have tenants in there who are willing to pay the HOA fee and the increased taxes in order to access the slightly better school system up there.Bottom line, someone who just shows up alone and out of the blue, says they make 3x your rent, offer you nothing else when you explain the income verification problem, and object to a month-to-month rental contract or an increased security deposit, well, they're probably lying about how much money they make.