While you can theoretically raise the rent, you might very well be better off to look at a 20 applicant pool as a wonderful thing and carefully select a high-quality, long-term tenant at your current price. 

I look everyday and search like crazy.

You can start by going to www.narpm.org and search their directory of managers.

Not the best option, so I am searching still as I need to open a business account pretty quickly for my new rental. 

We also find that Apartments.com is a good resource, but you have to get pretty specific in your search really knowing the other assets you are looking at is key.

When should I start this process what should my search criteria be?

There's a situation that was presented to me about twenty minutes ago that has left me searching for quality solutions.

My wife and I were talking about searching for a home in PA where cost of living is lower.

I just searched HUD's website for FHA approved condos in Palm Harbor and there is just 1 community that's FHA approved and that is Landmark Oaks.  

I just search my applicants on the county court website, but that’s only local to our island..