For FHA, they aren't super FICO sensitive, 640 and 720 aren't all that different, call it 0.375% to rate holding constant fees.

And also if it is worth it to start the eviction process (i.e. file the 3 Day Notice) just as a safeguard should things go south down the road.Thanks

Your biggest issue and area of sensitivity in terms of NPV is going to be the discount rate you apply, which needs to factor in inflation/realistic risk free alternatives for your buyer to invest their money, riskiness of the payments (e.g., is the deal cancellable?

That should safe guard you somewhat.

I think we are all pretty sensitive to it now and we need to "explore" a person's intentions a bit more before we jump...:)

They tend to be a little sensitive about that.

The seller should get a yield that compensates them for the added duration of the note and thus the greater sensitivity to interest rate fluctuations.

how do you safeguard from it happening?

Also, don't be so sensitive, did not mean to put the post in CAPS.

The more "sensitive" info you require from your new "walk in" customer the less likely they'll be willing to continue the conversation.