According to a lender poll we just conducted, in the past two weeks about 50% have stopped taking new applications.

Let people pay online, process applications online.

I haven't actually met the couple yet, so I think I'll go ahead and have them complete an application and show them the property.

How does everyone let tenate applicants that you have chosen another applicant?

We have one vacancy that we will probably leave empty for now unless a really good applicant turns up. 

Post the eviction notice per your lease and applicable law.

In my opinion, based on my limited experience both on the ground and theoretical, this property would cost an investor like me money every year, or perhaps show a false income before needing to take care of serious CAPEX issues, vacancies, or turnover costs.If I can put a real world application in place, which is where I think you are headed, let's say you cash flow about $1500 per month, or 18,000 per year.

However, the SBA Emergency Injury Disaster Assistance Loan (EIDL) loan applications I've seen talk about covering mortgage payments, which I believe will be your main qualifier.

Based on the size of the home, this definitely feels doable if you're sticking with more of a siding/paneling application.

The seller prefers cash buyers much better due to the extended loan application recently.