I would encourage you to speak with property management professionals and a property management attorney to get an idea of what procedures you should have.

There are of course some exceptions to this, but I am speaking more generally here.

I'd like to speak to another point also. 

@Kevin CollinsIt was great speaking with you today!  

I've uncovered some info only after speaking with other tenants. 

Thanks and I look forward to speaking with you.  

We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher by pretending to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.

@Nick Belsky thank you Nick, I would love to speak about non conventional avenues.

It speaks to the property. your 1st pic says "blah....".

Leverage will be based on whether the land is entitled and borrower track record but 50-60% is the norm, not 80%.