Thank you for your insight.Two follow-up questions:1) Could I get into legal trouble if I am unwilling to accept an application from this fellow (or from anyone in general)?

Or they might be unrealistic about the property value, or unwilling to face their situation (likely) and waiting for that lotto ticket to come in.

@Aaron Cayabyab If you are unwilling to go out of state for whatever reason then house hacking is the best option in a bunch of ok options.

Salaries from what I can rememberProperty manager: $40kOffice manager: $37KLeasing agent: $15/hrSuperintendent(s) $11-$12/hr + free rentGC: paid per jobThis was an older building which the owners were unwilling to re-invest money back into.

A tenant who is unwilling to sign up for that is one who is worried about being hit with overdrawn balance fees and less likely to pay by the first of the month. 

My partner would gain by getting into an investment that the banks are unwilling to let him/her leverage (since his/her portfolio is already highly leveraged) and I would gain by acquiring an investment that I don't have the downpayment for.Thanks for your time!

I initially planned on getting my apartments managed by a property management company but seeing how unwilling majority were to increase the rental price I decided to manage my own.

Thus the market is paying us to do something that our customers cannot or are unwilling to do.

If the seller and/ or entity is unwilling to negotiate, I walk and move on to the next deal.)

From past experience, the USDA loans were specific to an area, so it may not be the bank unwilling to cooperate.