So you guys always have prospects fill out an application.

You really want to deal with filling the unit twice in a year potentially?

The rent on it would be crazy cash flow, but it is without the land and I have to fill out an application.

Keep in mind that a Property Manager makes *MORE money to fill a vacancy* than to keep tenants happy.

Generally vacancies take 30 days to fill, some take up to 60 days in slow periods lake Dec and Jan.

It's going to take a good long time to rent out the place again.This forum is filled with people who have been in similar situations.

You can fill the Grand Canyon with knitted doilies and antique-looking lamps.

@Theodore Arzt Until a perspective applicant has taken the time to fill out an application and you have a clear picture as to their background I would not even waste time thinking about the what ifs. 

What happens is that if the rental property's value exceeds $60k then the tax return 706 NA must be filled and the exemption would be any amount between $13k and $46.8k depending on the proportion of assets located in the US compared to those located in the rest of the world.

This is just one thing to think about and if the answer is no you may want to find an agent who specializes in rentals to fill the unit for you.