Ask how they intend to pay for a year or two of rent.I ask for a statement of assets and discuss any red flags or ambiguities with them.

He not only wont pay you back, but does not communicate anything with you.

Quote from @Bhushan Shinkre: Few corrections, tenant simply decided not to pay rent and took further action of asking for refund of all prior payments (legally made via Baselane), which Baselane paid out no questions asked.

HELOCS are expensive so pay it back as soon as possible. 

Hello,I have a potential tenant that is part of a Community Living Program and I am looking for other peoples experiences dealing with these types of tenants.So the tenant had a traumatic injury and now their insurance pays out a set amount each month to cover their living expenses.

You need to rewrite the entire policy.If it was insured as a rental under your personal name, then transferred to an LLC, the insurance carrier would pay covered claims.*** Please note, the claim check would be made out to the Named Insured (your personal name), not the LLC.  

At the end of that period, the owner must pay off the existing loan and get another loan to pay off that old loan.

Approached the seller asking they pay all closing costs, received enough credits to buy down the interest rate back into the 5-range (current rates were in the 7-range).

Keep in mind that most residential mortgages are conforming loans that are resold on the secondary market and bundled into mortgage backed securities.

I also think that as more house flippers are on the rise and if they do not have the funds to pay for an interior designer or decorator maybe I can do some consulting.