Interest rate, term, payment schedule (if applicable), late fees, points. 

As I am searching for people to fill out the lease in the townhouse, are there any suggestions for screening potential tenants (other than BiggerPockets Guide), such as template rental applications or useful online services? 

If applicant owned a home, applicant may need to furnish mortgage information upon request.

Corning is small with a few Business Jack-in-the-Box,McDonald’s Burger King, Taco Bell,Denny’s small business is Daisy’s ice cream and yes a donut shop that has its costumers,a few cloth stores that are barely getting by and My father owned a restaurant in Corning sadly lasted 10 years so he had to sell it but he still owns three other buildings a salon that my sister runs a real estate agency and now an empty building.

I just accepted an application and starting to prepare the lease.

I can’t say lacking the ground is as safe as having it, but driving isn’t safe, nor is cooking etc in certain applications.

Your broker may have forgotten, but when the appraiser reports back to the lender that it is a rooming house, the lender will walk away or only underwrite an LTV of 50-65%.Your best bet is either a private lender or finding a conventional lender which uses auto-approval software (TD is an example) and mortgage agent/broker who can steer you towards an application that qualifies for auto-approval (if at all possible).When we were first in the same situation, we approached a family member with a proposal to have their name on title and live in the house (rent and utilities free) in exchange for their serving as the Den Mother to keep the house in order.  

. - Has the towns only liquor store with liquor license- Has an attached tavern with kitchen space and billiard table - Has 1200 sq ft. of extra space outdoor and indoor for whatever you heart desires (tasting room - we have some wineries and breweries local, retail space, etc.) 

When I am looking for renters and doing the application process, am I required to send letters to the applicants that I am not renting to with a reason.

Close to schools, hospitals, commercial store, and public transportation.