Are you filing single, head of household, married filing jointly, or married filing separately?

We manage a condominium association with 80 units. about half are owner occupied and the rest are either vacant or being rented.

So if I'm renting a unit for $2,000/mo, I would require a minimum of $6,000/mo of combined household income before taxes in order to move forward with the application process.

Being raised in a lower income household, the people that surrounded us were all about "beating the system", now that I've grown and have my own family, I've realized they aren't "beating the system", it's fraud...period. 

Income criteria ensures that the rent is affordable for your tenant based on average household expenses.One way to get around income criteria (we use this with college students) is to get a co-signer who does meet the income criteria (and also passes a background/credit check).I would say that if your applicant can't get a co-signer who qualifies under all your criteria, you should deny the application.

They were never late on rent, keep a VERY clean household, and rarely call me with issues.

CONVERSION FEESThe owner must make a Conversion Fee payment of 5% of each unit sales price to the DHCD within 30 business days of the settlement date (§ 42–3402.04 of the Code of District of Columbia).However, exemptions can be granted if the property meets at least one of these qualifications:-Was previously owned by a sole owner or registered vacant for at least 12 months-Sold to a low-income household (80% or less of median household income)-Sold to a person 62 years of age or older-Sold to a disabled person (as defined by the ADA)-Sold to a tenant who lived in the property for at least 12 months prior to the condo conversion

Monthly pre-tax income for household 5.)

For example Myrtle Beach, had a 30% increase in population over 10 years, has good household income and home prices are still well below national average. 

There are a ton of new condominiums shooting up around San Jose.