In my case, all I did was make an offer, have it accepted, owner did "stuff", and I closed and moved in :)

But those shelters wouldn't accept them, unless they were freshly washed.

If their apartment is really ready to rent, then raise the rent just above market value for 12 mo lease and tell them they can stay if they accept.

First, you should not accept checks for late rent.

I got a business degree with an emphasis on real estate.  

MLS says 120 days. it was probate. i think we had accepted offer sometime nov, or oct. i really dont know the details. i just know i wasn't ready for it to be purchased and i had to scramble to get money to close on it.

I got a business degree In college with emphasis on real estate.  

But, if I got accepted at just $40k, the ROI is around 14%, which I figure is pretty good.

If they want to apply and qualify then you'll need to accept them unless you have a better qualified applicant. 

That LLC can have its own bank account/checkbook, and can be managed by the IRA owner as a non-member manager.Some SD IRA custodians will not accept single member LLCs as an IRA investment due to increased regulatory scrutiny that begin in 2009.