To rent or not to rent???

[Shawn Underwood]

A little unsure about the situation that I’m in. A 3 bedroom rental that I have has been listed with not that many showings (historically I never had problems but rental saturation and getting closer to year end makes renting more difficult). So an applicant applied with his girlfriend (he is a teacher relocating back to the city for work) and his GF will be looking for employment when she moves. His Income alone just qualifies for the 3x monthly rent rule but his credit is poor...mainly not paying education loans and his monthly expenses (credit cards and loans are low). He since modified his loans to be based on his income so now the payments are more manageable. His score is under 450 (ouch! it goes that low??) and he does have a co-signer whose score is mid 600s. Based on this would you guys rent to them? Maybe on a month-to-month instead of an annual lease?