There's no real reason to settle unless you know you have to.

I'm looking for my first property (live-in duplex, triplex, or fourplex) and after running the numbers, I found one that cash-flowed pretty well for a reasonable price at conservative estimates (plus my wife loves the house).

Depreciation expense is the reason why I love large apartment complexes.

They are for a reason one of the oldest and largest RE Brokerage firms in US with over a century in business.Training program is really informative, especially if you consider having some agency business on a side of investment. 

The only reason I can imagine identity theft resulting in bankruptcy is if she gave some e permission to use their card and that person racked up huge bills that the person didn't expect or couldn't pay.

Quite often we read on BP about tenants who don't pay their rent on time, for whatever reason.

For various reasons, I'd really like to get a tenant in there who has personal roots/ties in the town I'm in.

There are many reasons both buyer and seller would agree to a subject to the existing mortgage transaction.By doing so, a home sold and off their hands more quickly in a more affordable manner and we are able to give them top dollar and in some cases even more than the asking price.

Can this be a good enough reason to deny their application?  

Part of being an S corporation (or taxed as one) is that the Shareholders are required to take reasonable wages.