Need advice on potential tenant situation

[Sam Singh]

I have a potential tenant who is interested in my rental property... It is a guy that suffered an accident, but received a large settlement. At the same time, there was a window where he was unable to work and his credit took a big hit from unpaid bills. He is recovering from that credit wise, but he said it has caused a big drop. He is now able to go back to work and anticipates having a job soon. For the meantime, he would be willing to pay 12 months up front to cover the first lease term... and then, may be i could do some sort of requalification for renewal that would entail income verification/new credit run, etc..

While the offer of 12 months payment upfront seems tempting, i am worried on worse case after 12 months if he does not qualify, get a job, abd chose to not move out...

Anyone delt with such situation before or have expert opinion on such cases???

Thanks!!!!