The articles and posts here are super informative, but quite numerous. 

Once the smoke clears, any tenant that has failed to pay rent will be subject to the unpaid balance, including late fees and any other applicable penalties.

v=e0TSoDnFNGs&feature=youtu.be(NOTE to Virtual Assistants:  this video is informative in nature and applicable to many people in the BP community; it does NOT contain any promotional material and does not violate the Terms of Service as I understand them. 

I shared such well cited article as it discusses taxes rather thoroughly and includes applicable citations of authority across it.

Will collect applications for each of the potential tenants and include all on the lease.

Also, depending on how you are set up (ie solo or corp) your debt service ratios will affect your application regardless of your down payment.

Nearing completion I’ve started to market the unit but have had more than half of the applicants claim to have ESA’s.

I can assure you that this seller is more than likely talking to numerous investors.

Unfortunately, on top of the rent if 2500, the manager is charging a security deposit of 2900 plus a $50 application fee and $50 move in fee.

I think the key question is does a real estate investor who holds properties in an LLC whose entire income comes from schedule e is does that income = "net earnings from self-employment or similar compensation" which would then be considered "payroll" as defined on page 3 of the application?