1 applicant qualifies, the 2nd doesn't

[Roy Gutierrez]

Hi,

I have 2 young ladies that want to rent one of my properties, both have decent credit (no marks for late payments or delinquency), one has very little debt, makes around $55K and around $100 monthly total expenses per the credit report; second applicant makes around 38K but I see significant student loan debt, I'm still trying to understand the credit report, no negative marks but in some of the loans there are no payments for a few months or intermittent payments, seems a big portion is deferred, but if she was obligated to pay all the loans, her entire monthly paycheck would have to go into paying her loans, so if she was trying to rent by herself it would be a big resounding no.

I'm asking for $1,200/month, so the one applicant might qualify to cover the rent by herself (have to ask for more paystubs since she also earns commission). If I decide to rent to them any suggestions of how I need to setup the contract? 

Thank you!