Treat each party as an individual application.

@Zach Quick one reason these sell for cash is its virtually impossible to get such small loansIE 25 to 30% down on a 40k purchase price leaves a loan for 30k ish.... not many mortgage companies are keen on writing those types of loans they are losers .. vis a vi what they can make and charge on them...

If she felt gifts were more important than rent, my guess is you did not adequately screen here application, or else your standards are very low.

Managing a rental property requires knowledge of applicable laws, dealing with tenants, maintaining the property, and no shortage of financial issues.

In relation to running the LLC, keeping a book of business, maintaining the LLC in accord with the compliance that the Secretary of State requires (if applicable), and having an annual meeting are things that you should consider doing. 

Since my husband had such bad credit, I only have myself on the application.

Im still waiting on the rental application, but most likely they wont be leaving the house much.

A title agent's role can be considerably different than that of say an auto insurance agent or life insurance agent who basically takes the application and submits it to the underwriter. 

Just pick the best applicant so they don't ruin your house.

Should the current tenant have the "possible buyer" do an application prior to selling it to them to make sure I accept them?