And at the risk of being overly political I don't think having higher level government swiping authority is sustainable long term.

I am not confident that an offer of $365K financed with a FHA 3.5%dn loan will even be a competitor.

In your case, the larger complexes are not competitors.  

Don't look at the hotels as you competitors, they really are not.  

(We had 23 evictions all of last year while this competitor had over 400)Ask about their tenant retention.

I put a note on the door indicating I will be with the next group shortly, and I feel that seeing the other interested parties or knowing there are other viewings often prompts the potential tenants into making their decision faster.I do not do open house style viewings, and only allow one person/group in at a time to keep the chance of someone swiping something to a minimum, I haven't had a problem yet. 

Given this area is particularly close to Trinity Mills, there are a number of competitors in this exact same area, so it does have a large pull of renters.

If you have some weird other license, like I do in MA...it can be with someone else, but the internal rules of my brokerage do not allow me to hang it with a competitor, thus that one needs to be with a brokerage that only operates in MA and not in other states.

What value would you offer for a $200 entry fee that would entice anyone to agree to this and not simply walk to a competitor?

If you get injured using these financing options, just swipe your debit card and pay the bills.