No security deposit; higher rent

[Angelo R.]

If I wanted to increase cash flow and was willing to tolerate more risk, would it be wise to forego the security deposit and instead ask for higher rent?

Let’s say the market rate is $5,000 for my property and the security deposit is $5,000. Not many tenants could come up with $10,000 at move-in. What if I offered $0 security deposit and, say, $5,300 rent to compensate me for the additional risk? 

If a tenant would go for that, would that be too risky for a landlord?