In the program, it appears that you offer a Pre-Loan Application-- perhaps this is how the program is legal?

I suppose I'll just wait until I find a good applicant and be grateful I won't have a vacancy this time next year. 

As someone who manages over 1,200 properties, I can tell you that proper screening is where professional property managers (PMs) really shine.Here’s why working with a professional PM is worth it:Screening Expertise:Fraud in tenant applications is more common than many realize.

Can you send me application? 

EVERY applicant is "qualified"!

Quote from @Victor Yang: If I gift a house, what amount will go towards the lifetime gift limit, the amount i purchased the house for, or the current FMV?

With expiration, there is a maximum CAP for the area so new license applications would be subject to a wait list.

I now also offer limited service where I do the guest communications, marketing, and pricing. 

If you need to get it rented fast, a great property manager would list the home for $2100 (below market) and get several quality applicants competing against each other to drive the price up to the max so you don't risk vacancy by starting out too high and gradually reducing to find the sweet spot.

In some areas, I find that the information is exaggerated (applicant lied) to make their application look betterHere's how I use them:  A lot of times, the applicant will self report information that disqualifies them.