Because the units are sub 30k, I am not pressured to take the first applicant with a heart beat.My units are well maintained units with nice paint colors, appliances, washers and dryers (used but nice).I do treat them well and give them the tools they need to be responsible.  

., inoublish our lease, application and resident selection xristeria right in our website.

A conventional 15 or 30 year mortgage would not be applicable at this point I would assume since the property is already purchased.

Tell them, due to ALL OF THE INTEREST you've had, you are accepting applications.

So far I do find rough edges in TenantCloud system though as their screening tools are not good and due to time lag to post application fees, sometimes a prospect can't move to next step until their fee is marked in system as cleared.

I don't like the concept of having numerous properties making $200 cash flow on each with the risk.

I figured they could pay my mortgage until spring, when I understand sales conditions are better.However, now I'm thinking about renting it out on a more permanent basis, and I want to make a decision on what to do before they move out, and also if that decision is the rent it out, I want to have a plan in place for a more structured application and contract process that better protects me.I have worked up a list of inputs that I can share and hopefully have critiqued, but I guess I'll stop there for now and see if other people would recommend doing this, and if so, what preconditions do more experienced folks think should be met before you would make a decision to rent the house out?

I have interested applicants for my June opening. 

Is it really slow getting an application?

Umbrella limits can range from $1 to $10 million depending on the size of your operation and can also provide additional coverage over commercial auto if applicable.