A guarantor simply guarantees payment, nothing more and before any guarantee might be enforced the vendor must exhaust all prudent collection efforts from the maker of that obligation before making demands.  

You can have higher standards, you also have market influences to deal with and your standards must be consistent and fair.There are really good Sec 8 and PHA tenants, not all are down and out trouble makers, that is where your experience and knowledge come into play, nothing says you must accept a Sec 8 tenant, it says they get the same chance to lease as everyone else....and that is if your property meets requirements too.

I still have the homes, and its a good money maker. 

BTW:  The only legal way to do this is to have the maker of the check write the words:  "Void Until" above the date they write on the check.stephen------------ Originally posted by @Niles Crum:I just rented a home to a tenant who did not quite meet my income requirements. 

Try to make really, really sure you screen your Tenants (especially your very first Tenants because there is no second chance for a good, profitable first impression in a new business).

I'd like to see us develop a list of good questions that we could use to weed out trouble makers, yet still help us maintain a vibrant community of diversity.

Second, what is your personality type: methodical, impatient, micro/macro thinker, deal maker, hands on/off, Rogue Captan?

Then you make rent $1000/mo and credit $150/mo towards purchase price.

Get a label maker and print out your addresses.

This unit was low rent and I wanted to focus on the big money makers.