My 9-5 is working as the Assistant Director of Aircraft Maintenance.

I'm a young female early thirty's work for the City of Detroit and in school.

If they decided to scrutinize such a deal, they would look at the facts and circumstances of what is being done and determine if any direct or indirect benefit has occurred.  

ZechariahUnderstanding commercial has nothing to do with residential real estate.Some small brokerages handle mom and pop type commercial or raw land but I do not consider that commercial as they are mainly residential in nature.Large commercial firms will put you with a team and a senior director that will train you up under their decades of guidance to protect the client while you learn.

Who is on the board of directors? 

In this case since it is an adult female, doing a closet check should also be an indication. 

The Tenant is required to obtain his/her own renter’s insurance policy against fire, theft, or other disasters, as the Landlord carries insurance on the building(s) only. .The Tenant hereby agrees to indemnify, compensate and forever hold harmless, the Landlord, its successors and assigns, any parent affiliate and subsidiary entities, their insurers, their assigns, their successors, their legal representatives, officers, directors, employees, agents, or any others who may be acting on behalf of them from any and all claims, damages, actions, causes of action or liability whatsoever, resulting from or arising out of injury to or death of any guest, agent, employee, licensee or invitee of the Tenant in or about the Premises, or damage or destruction of any property owned by the Tenant or any guest, agent, employee, licensee or invitee of the Tenant, unless such injury, death or damage solely and directly results from the intentional or grossly negligent acts of the Landlord.

I am currently working as an IT Director for a financial institution.

Rent will be $1200.Applicant 1:  28 year old male, works as foreman at sandblasting company, earns $6000/mo, doesn't have much credit, credit score is 530-ish.  23 year old female, stay at home mom to their 2 year old daughter, female will start nursing school soon, she says, she has no credit history. 

they might want to consider a 1031 and then contribute the property into a Family Limited Partnership and create a board of directors to handle the investments.