Ben, my understanding of CAP is gross income minus operating expenses (mortg, utilities not paid by tenant, taxes, insurance, HOA fees if applicable, then monthly capital expenditure set aside, and property mgmt.)  

I have now e-mailed the application to several people who I believe will come prepared with completed application, application fee, and even payroll stub copies.  

Across ~30 applicant pools, I think I had 1 male/female mix.

Having showings, taking applications, etc. 

Just pick a provider and get the classes done/application submitted.

This would be a follow-up letter after they get my yellow letter and don't take action.Ideally, I'd like three options that should be generally applicable across the board.I was thinking something like:Option 1: wholesale but somehow described in generic but understandable terms.

I would imagine most of the applicants would have too high an income?

I base in on the first qualified applicant to submit an application.  

If you are eligible for the owner occupied legal residence special assessment or the agricultural use special assessment and fail to file the proper application, your tax liability may be over three times higher because it will be classified at the other real property rate."

Reason it was urgent as it was listed for rent and there are already interested parties (nobody submitted an application yet).