Once I announced that I would require an application fee and run credit/criminal background checks, the calls dropped to a few a week.

I hope every wholesaler especially newbies read your comment so I cyber yelled it in case they didnt read your entire post.On another note, I never realized how much it differs from state to state. 

She must submit to both credit and criminal reports, so you have all the details to make a decision.

That said, there is a clause in your HAP agreement that says if there is any criminal activity attached to the house you have the right to terminate the lease.  

We all joke that criminals are dumb...

Banks are required to report any transaction $10k+ for routine terrorist / criminal activity checks.Sounds like a pain, going in and paying like in 1952, but shouldn't matter.

Are you in charge of background checks- do you credit and criminal, other states> do you verify, etc.What happens in a hurricane when they can't go in the house for 2 weeks?

I would not consider a co-signer/guarantor if the primary tenant's income was insufficient or if they had other unfavorable traits that I thought they would be a disaster tenant living in the unit (like a prior eviction, criminal record, etc.) -- co-signers cannot help those things.

In order to avoid any Fair Housing issues, this really should come down to what do your published screening requirements state about a bankruptcy (in addition to credit, income, criminal record, etc)?

You can choose credit only or credit plus criminal & rental history.