After that I can make a judgement.

Is that a bankruptcy, a judgement, a collection or a 30 day late?

I prefer to have them complete the application so that I have all their information should I need it for a future judgement.

Meeting with atty. to review actions such as civil suites with judgement award?

@Jeyo Punnakottil bad landlord reference like this would be a no for me although I know one landlord who used to take tenants like this if they paid off the last landlord judgement. (  I would get more info on what went on.

If the title will be in you and your wife's name, the LLC will do nothing to protect your personal assets if you lose a judgement worth more than the property and any liability insurance you have.

Also, with the new law disallowing civil judgements from being included on credit  reports, it’s even more important to look at other items on a rental application.

The danger is that if a judgement is made, Investors need to make seriously bad decisions related to their investments to free up equity to pay the judgement. 

Trusted Services Homecare used its own professional judgement to decide what work was reasonably necessary to maintain Owner Gone’s home.

I believe none of the counterclaims resulted in money judgements.