Possibly renting to friends of friends

[Richard Updegrove]

I'm in the process of purchasing a new home and turning my current home into a rental.  It's my first rental property and I'm pretty stoked about getting into the rental game!  A friend of mine knows of someone that is moving into our area soon and looking for a rental.  I will be verifying that they have 3x income, a good credit score and verify their rental history with the last 2 - 3 landlords.  Since this is my first rental and tenant I don't want to start off on the wrong foot.  Does anyone see any issues arising from this situation?  I haven't started taking any applications yet so I might end up finding someone that is better qualified.  Thanks for any input!