Or the alternatives are to receive BSEED tickets, tenants can put rent in escrow, etc.

In addition to what @David Bennett mentioned I think you've opened yourself up to a problem by waivering on the terms of your signed lease.

I suppose if the property appraises well and you can show the costs incurred you will will receive favorable financing at time of purchase and recieve your return of capital through the same financing process.

Are they worth the additional risk? 

Therefore, for a 3rd party to offer these services they generally have to find ways to provide affiliate services or generate additional revenues.

I think that Hospitable or something similar would make your life a lot easier, in addition to pricelabs for dynamic pricing software.

If they go out I can raise rents to still below market a little for a good deal to a tenant but after my lease up expenses still have additional equity and value to show for it.I shake my head at buyers buying Popeyes with some small franchisee that is 6.2 cap rate versus national grade credit at 5.9 cap and that Popeyes paying market rent.

It's our goal now to start purchasing additional buy and hold properties, but still consider ourselves newbies when it comes to investing. 

Additionally, I aim to build my network and finding other investors, property managers, agents, and wholesalers in middle Tennessee or other areas in which I might one day invest.

I have a prospective tenant that filled out an application.However I need some advice on qualifying this individual.The current rent is 3600The applicant is a family The Spouse doesnt work The main applicant gross W2 income is around $10000 monthThe monthly net income is $5700No car loan's No credit cards balancesThey pay $800 month on a personal loan.Since a rent check is written after net income is received.