Thank you in advance to all whom contribute to this discussion, I plan to take my conclusions from this thread to a legal and tax professionals before doing too much, just seeking wisdom of experience from others and to efficiently use those professionals' time.

Thanks in advance for the collective wisdom!

All - I am planning on printing this thread and tacking it up to remind me of all these tidbits of wisdom.

Granted not every tenant is like the other but, I have to exercise prudence and use wisdom to avert and mitigate any possible snafus.So, when renting to anyone I am very frank, not crass or rude, I am firm and what I perceive to be fair and when i'm not my property manger helps me.

Thanks in advance for any pearls of hard-earned wisdom.

Words of wisdom in case this every happens to you:1.  

Great wisdom and advice I really appreciate it!

With the listing being so new still, would you just be patient and move on from them to the next prospects or is a bird in hand better than 2 in the bush, as none of the other prospects have returned applications.Thank you in advance for any wisdom!!

Thanks for the words of wisdom everyone.  

I have made some horrible mistakes (not saying you did-fyi) and each time I just gain a little more wisdom.