You should not allow any adults to reside in the property without being screened, approved by you, and on the lease.Here's a detailed guide on how to screen applicants: Application Screening Guide

This can delay the process because they must approve the plans through the eclipse system before the plans examiner can review and each time the plans are resubmitted the plans first must go through any pre-requisite review agency which can add lots of time.

Would mobile app access be critical for tenants?

Some of the laws in NY changed recently and you are required to obtain a certificate of no harassment, No permits will be issued until it is resolved.You will need to work with the current tenants for this certificate to be approved which can take up to a year or more, Definitely something big to consider.  

We do a lot of self employed loans and we can take your investment income in your pre approval.

And most will be able to pay the taxes when they come due, and put on a new roof, and put on a new coat of paint.As well as replace the carpets, cut the grass on a regular basis, replace the windows, reseal the chimneys when the liners crack, etc..It's unlikely that that these homes will fall into the slum category in 10 years or so, and make the asset underlying the loan virtually worthless.Or just vanish when the place starts to fall apart too much, due to no down-payment (no skin in the game 100% loans).Said the lawmakers who approved this.

Yes I have been pre approved already.

One hurdle you may have depending on location is zoning approval.

Is your pursuit of what you want more important to you than the approval of your parents? 

I finally got word of an approved application.