I have done a ton of research and spent quite a bit of money getting consultation from lawyers and CPAs over the past few months on how to do this correctly.

Was updated quarterly, but we've concentrating on creating an interactive map that would be updated monthly.

Honest experience from a guy who’s been using it for a month.

So best to assume their portion will go up some, or all of the increase, if they are on liable for some of that monthly rent today.

Focus on getting ready for another house hack after that first 12 months is up... the best thing you can do at this time is to take advantage of doing so while your lifestyle allows you too! 

However, we're having doubts because: 1. we wouldn't be able to afford the PITI on our own for longer for >6 months without the help of rents, so we're depending on the house hack to be able to afford this house, but not sure if that's a bad thing or not and 2. not sure if this house is too much house for us financially and we're in over our heads about what we can afford.We've been super excited about this place until we realized the issue with the illegal basement and now we're overwhelmed with the thought of potentially not even moving forward with the house.

I had a rent-collection setup on Azibo for $1850/month, with an $1850 security deposit.

Even one day here and two days there can add up to a month pretty quick, a whole month of an empty house.  

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?

. $100 cash flow is not worth it a month.