Present an Offer to Lease with your terms and conditions for the applicant to become a tenant (sign lease, pay move-in monies) by a date certain prior to 8/1. 

It's funny you post this, just got a call on a new rental listing I have in an urban area and the person wanted to know if the landlord would consider a tenant with temporary rental assistance.

3) What if one of the applicants applied very late but offered 200 or 300 dollars more monthly for rent and requested that his application be approved?

This would be a basic package with available options offered to each participating home owner..

@Jonathan Greene offered great suggestions on saving for your next deal and being careful about partnerships. 

I did a few and someone turned me in :) and sure enough I got a cease and desist and had to pay a fine and spend 20k creating what State of Oregon  calls a Real Estate paper offering !!.  

If you can provide us with specifics, we can offer some advice.

I posted an article under general property management yesterday about using virtual assistants.

Currently, we have them in a money market savings account, but I believe there are better options out there that offer higher returns while still being liquid and low-risk.I'd love to hear from other operators:Where do you park your reserve funds?

Offer a referral fee.