Only the people over 18 are the tenants, but state that only the following people have the right to occupy and list all names, which should be listed on the application.  

Applicant gives me a wrong name/number - easy: Declined.2.

(that I never read) is applicable to Billy Bob's private mortgage to you.

Besides building credit and saving which I still highly advise, I would say the second best option would be to find a co-signer or co-applicant for the property.

In terms of due diligence, for example, for an acquisition FHA under Section 223(f) you would be looking at an Appraisal, Phase I Environmental Assessment, Capital Needs Assessment (depending on the age of the property it might include Asbestos and Lead Paint testing) and Radon testing (where applicable).

They were a recommendation of my realtor (he's used them numerous times for clients), and I was very satisfied with them.  

., etc. numerous times, since first coming here in 1988.

Make them fill out an application as well and put their name on the lease. 2) Since we are going to live on another side of the property, should I tell them I'm the "manager" or their landlord? 

However, my father will arrive tomorrow and speak with the mortgage department with application in hand.

She stopped by numerous times (we don't actually know how many) when we were not home under the guise of picking things up from the basement that she left behind.