New landlord question on tenant screening

[Dan Timmons]

Hi,

I am a newbie investor and seeking advice on placing a tenant in our first investment property.

I have a potential tenant who is willing to pay rent for the month of November despite the fact that he will also have to pay rent at his current apartment because he really doesn't want to lose the new place. He tells me he cannot pay the damage deposit too, however, until December 1st. The background and credit check and reference from previous landlord checks out. I am considering leasing him the place with the contingency that he must pay December rent and the damage deposit on December 1st or else he will need to leave (evict). Basically he's asking for a month to provide the damage deposit. Thoughts?

Thank you,

Dan