Finding a Renter

[Avinesh Ram]

Hey guys, so my parents bought a rental property and they found two renters one couple who seem perfect. Their income is 3 times the monthly rent. They're credit is good and they seem like a good couple. They are willing to pay 1200 for rent. I have another older man (71 years of age) who is willing to pay 1350 monthly and 4 months rent up front as security deposit. The older man told me he went bankrupt last year and his credit is horrible. His income monthly is 6400 from retirement and pension and he has proof of this which he showed me. He went bankrupt because he was dating a 23 year old girl who he had bought a Jaguar for and a lot of other stuff and she charged up his credit cards. Well she started going crazy and ended up dying. So he decided not pay all those bills because he said he himself will be dying in couple years so what's the point. He decided to let the bills go which lead to bankruptcy which lead to the forclosure on his home. He has been having a hard time finding a home ever since. His daughter seemed pretty desperate when she came over to talk to us. She also told me she is willing to consign for him. I don't know who to give the house too. My parents think it's to risky to give it to the old man because it will be harder to evict him, but I feel like if he is willing to give 4000 as security deposit it won't be to bad. High risk equals high rewards right? Or should I play it safe? Thanks