I had a similr issue a few years ago with a property in Cleveland where my property manager hit the same roadblock.

You definitely want to use a thorough screening method like rentprep.com that gets their income, credit, background check, and call at least 3 references (make sure to verify them by address/job and then their name).  

I could probably rent the house as-is but I would hate for it to be an issue if there was ever a fire or something drastic.

100% of the deals I've done with Safeguard have had late payments and/or major issues. 

But to sum up your truly relevant point, all you are really saying is that there is high default risk when you deal with people who have poor credit history or some other financial issues.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

However, there is a specific deal Which I find hard to understand the ARV for.It is a Single Family Home, 2 Bedroom 1 Bathroom, 850 SQFT.These two comps have a price gap I find hard to understand, even when considering the difference in renovation level.If anyone knows this market well enough to understand the cause of this difference, and if it might be due to an issue with the location, or if there is anything I am missing.Comp 1 - 1011 Elm Street, Burlington, NC, 27217 (120K)Comp 2 - 1109 Walnut Street, Burlington, NC, 27217 (120K)Comp 3 - 1505 N Park Ave, Burlington, NC, 27217 (180K)Thank you!

There are guidelines and guardrails, but a challenging deal can have positives and a golden deal can have issues below the surface.

They will issue an IRS Form 1099 in January, reporting your total taxable income to you and the IRS.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.