How do I evaluate a cash-only applicant?

[Patrick Rose]

I have an applicant that only deals in cash. He's a bit paranoid about the banks, doesn't have much of a credit history. No credit cards. No debt. But has lots of cash. I'm trying not to be blinded by the cash, so how do I evaluate him? I'm waiting on his credit report, but are there other things or areas that I should investigate on a cash-only applicant? He knows that he doesn't have good credit, so he's offering to pre-pay X-months. I'm not sure I'm allowed to accept prepayment like that in MO. Thoughts? Mid-level SFH. Thanks for any advice.