That is what many landlords are doing right now and applicants understand. 

Then application of what they used to call "Surewall" in the old days. 

@Noah YoderTo be successful with S8, there are several potential negatives that need to be addressed:1) Tenants trashing the propertySOLUTION: screen S8 applicants just like all other applicants.

I have been applying and paying the application fees, getting accepted and then told that they won't accept my rental assistance from a program.

RodriguesThere is some language from Fannie Mae in the following passage of D1-4.1-02a limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.https://servicing-guide.fannie...It doesn't seem like you can close in an LLC, but you can possibly transfer it over immediately after the close.

For example I can see that an application has been filed but I can't see the actual application with all the info

We processed their application, the qualified and signed a lease for June - then they went home and we went back to work knowing we had a tenant.Since I've rambled on enough in my first two posts, I'll get straight to the pictures this time.Note that these pictures were taken at 98% complete; the following items were outstanding:pulls/hardware on the kitchen cabinets;black faceplates and one black 4-way switch for the media/accent wall had not arrived - you will see the "obviously-out-of-place white" covers and switches in the photos;the work surface over the laundry pair had not yet been installed;the handrail on the stairwell had not been installed (we usually leave them off until the movers are finished).Let us start in the kitchen:Then move on to the dining room:... and into the living room:Next, down the hallway to the laundry and bath:The laundry also doubles as the communications room and holds the patch panel for all the CAT-5e network jacks and the entrance for the fibre-optic cable from the service provider.We went with a clean and modern look in the bath - but did choose not to use tile.Next we head upstairs to the bedrooms on our new stairs - a two height landing with hardwood stair treads.Both bedrooms have a sloped ceiling along the front wall and in the walk-in closet ...

Terms are mostly similar, although found TD Bank to have the lowest up front cost - $99 application fee and a $50 annual fee. 

Adding interest, unless you have an MBA in finance and knowledge of applicable laws, I guarantee you will not be in compliance with federal laws, it isn't that simple, especially for an owner occupant requiring TILA disclosures.

Learn real estate laws and applicable regulations and you might not go to jail, get fined, or destroy your reputation before you get started.