Also, outside in the yard one area has very grown green grass, leads me to believe either main water leak or sewer backup. 

Let's also say for instance her delinquent thug of a grandson comes over and visits frequently, with a group of his "friends" and eventually threatens the life of one of your other tenants, leading to many phone calls, police visits and filing reports, etc.

And given the climate in MF today a MF that generates 10% is not a sure thing.So I'd say no way without a 1031. 

This could lead to dramatic increase in supply.

Ask questions, let them rant, ask another question, direct and lead the conversation this way.

Leading up to purchasing my last house I paid it off weekly.  ...I don’t know if that even mattered but it satisfied a concern I had and didn’t cost me anything extra other than a few seconds of time. 

Thank you to all for the responses, This leads to an additional question of mine for @Edward B. and @Chris Seveney:How is the escrow handled with notes and to what extent am I going to have my money "locked up" in escrow and for how long usually.

Pretty clear that the only option is to wait until licensed OR pass the lead(s) onto another agent if the deals cant wait.

Other than an application, lease, condition checklist and possibly a lead disclosure, what else do I need for paperwork to place a new tenant?

#3 is pure nonsense. that leads me to worry about the rest of what you are hearing from the HML.