Lenders can also refer the case to the FBI: Lies on mortgage applications are bank fraud and can trigger severe financial penalties, prosecution and prison time if convicted.

However I have already had about 20 inquiries and several applications in the short 3 days that it has been listed.So my question is this, when you have multiple applicants that meet you criteria and appear to be a good rental candidate, how do you select between them to be most fair and avoid any potential issues? 

(LADWP reports that approximately 800 ADU applications in public utility easements have been referred to its queue).Cost is the number one thing people underestimate with ADUs, especially garage conversions because at the surface it doesn't seem like there's much to do.

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

Wait around for a better applicant.

They offset risk in other ways (insurance, more strict tenant application process, etc.)... 

You're going to want one with experience in a wide variety of applications to provide sound counsel to you related to your questions.  

Screen all applicants thoroughly. 

I had two different applicants that wanted a Nov. 1st move-in date and a few more that wanted a Oct. 1st move-in date. 

It took 3 weeks, with 5 applicants who qualified and all either backed out, found somewhere else, or decided they couldn't move for 8 weeks, before I got it rented.