Better to stick with pre-screened applicants that you have no emotional/relational ties to.

However, if a CA resident is attempting to establish an out-of-state LLC (Delaware, Nevada) and conduct business in CA (property investment), then he/she would be required to file foreign status in CA and pay the applicable franchise tax.  

These skills are equally applicable to in state investing.I know a guy who invested in 30 houses and Detroit.

Do you require no felonies on your rental application.

I had several applicants.

If you are opening the LoC shortly before - or in tandem with - your mortgage it may not register on your credit history before the mortgage is awarded ... though these days such things are automated and near real-time, so there will probably be very little lag.Regardless, when you read the fine print of your financing application and/or the mortgage documents themselves there will undoubtedly be included a declaration where you attest the downpayment does not comprise borrowed funds.  

After you have all the signatures on the lease, tell them you forgot the application.

I keep applications on hand for this purpose; or, you can start fresh, by not renewing the lease and get new tenants in who are okay with paying their own utilities.

The tenant still needs to give a 30 day notice to move and I still do a regular application.  

I would put future showings on hold and run with applicants you have.