Regarding valuations:  There's no strict convention. 

If I were to deny based upon 1 of the applicant's credit check, is there a regulated process I need to follow or a form I need to provide them?

@Ann Bellamy If you do not mind, could you please go into detail of what macroeconomical trends you follow/analyze/shift through when determining where we're at in a cycle?

Obviously, this has caught my eye as well, as both the Instagram ads and various investors I follow, are really pushing their exorbitantly priced online courses to learn XYZ.

My concern is that the new tenants will still need to complete a move-in condition report and if I pay the leasing agent now, they will have no incentive to follow through with coordinating that upon move-in.

When you look at the statistics that are posted in the article for New York Metro, you see the following:10.

However, if the tenant pays in time and follows the rules you are probably better off keeping them as you’ll avoid the deferred maintenance/turn over costs right now.

The way it was explained to me is as follows. 

I recently got plugged into the BP podcast by a mentor after I house-hacked my first SFH following my graduation from college.

Only if it doesn't surpass 5 people living within household and all other clauses within contract are followed (i.e no smoking, etc).8.