Also if a tenant does not have this, would you reject them right away or is there something they can offer to compensate? 

@Mister Jenkins, if you feel you are out a significant sum of money sue the seller for compensation or for "specific performance" and make them try to pay off the difference between the sale price and the mortgage totals.

(Not to try to confuse you, but just remember that if one of your employees gets injured, that should be Workmens Compensation, an entirely different insurance policy. 

To make him more comfortable, you could offer small compensation if you end the listing early and find your own renter ($250-$350) to help cover their time, MLS, & marketing fees.There is nothing discriminatory about not allowing a guarantor if the tenant applicant has shaky credit or finances.

I'm willing to compensate you for your time.

They're taking on the risk associated with the property, so their compensation is contingent on the size of the loan and risk involved. 

And, Due to the run up in home values over the past few years, presumably those homeowners have a nice bit of equity that they’re sitting on and would likely want to be compensated for.

Hi @Richard Antcliff,I second @Dominic Pizzi's take here: rates are only one piece of the puzzle, and there are definitely workarounds you can consider.To parrot @John Morgan, one way to compensate for high interest rates is by buying in markets that spot low rent-to-price ratios.More generally, there are deals to be found regardless of prevailing interest rates—you just have to know where to look.

If their behavior delayed renting the property by two weeks, ask them to compensate you for two weeks of vacancy.  

I would assume that property values have gone down to compensate for the decrease in profit from rent control?