If an applicant is difficult during the application process or has a lot of questions, they are likely to be just as challenging as a tenant.Of course, there are always exceptions, but I’m speaking from 17 years of property management experience.I hope you get this sorted out soon!

I would offer an annual lease if a tenant prospect has an outstanding application. 

It actually hasn't been an issue with my properties as the only S8 applicants I've received don't qualify anyways. 

[This and other information is included with the notification their application has been approved.

I did not fail to mention the employment I simply avoided negative info that can be circumvented during the application process by a Banker or Loan officer.  

Just simple record of properties, manage tenants, collect applications, track payments and expenses, maintenance etc. 

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

If you are then I'd say definitely sell, otherwise the rest of this post is more applicable. 

In the event that licenses are ultimately revoked, they would then be made available to the 186 applicants currently on the Mission Beach waiting list."

The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.