The property in combination with the local market has resulted in a very large # of applicants having section 8 subsidies.My company has only had a handful of section 8 tenants apply in the past but have never had any that ended up leasing from us.I'm looking for advice as to what questions should we be asking of section 8 tenants?

If this is what you propose, I think you will end up losing each tenant as it is a rare tenant that can afford to have their rent double.  

I'm trying to plan this out as well as possible to avoid any issues down the road.I've seen the stories where people run into issues meeting this requirement and get scrutiny from the IRS, to me it seems the two biggest red flags might be when they hire a property manager and also when they rarely go out to the property to work on it themselves, always relying on contractors.

Hey @Scott Meech - Check out your competition with furnished finder that is where a lot of Medium Turn rentals list their properties.I have a MTR in Chicago that has been decently successful...whatever I have found throughout my entire life and investing career is it is never one property/deal that is a grand slam...Rather, the grand slam is done by hitting many singles and using systems and processes to scale your operation; the combination of scaling and experience in a niche of real estate allows you to hit unlimited grand slams because, unlike baseball, real estate is NOT a zero-sum game.

Does it have to be 100+ hours for one of us individually, or can it be 100+ hours for my spouse and I combined?

First, accept the premise that partnerships rarely work.

What would your monthly payments be verses the combination of the separate accounts all with individual rates you're currently paying on? 

You could even consider an AirBnBRRRR strategy, which combines short-term rentals with the BRRRR method.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

Whichever are combined into a single device.