1st Rental Property, need help deciding on a tenant

[Paul Kuegle]

I just bought my 1st rental property which is a duplex. I have had about 30 viewings now over the coarse of 2 weeks for my 1 bedroom suite. I just received my 1st application. They have lots of positives, nice older couple, their combined income is over 3 x rent, the ladies been employed at same job for 9 years & they have no debt. But there are 3 red flags: 1. They declared bankruptcy in 2012. 2. The guy just started a new job this week after getting laid off from his previous job. 3. They are currently selling their house so I don't know how long that will take because I don't think they can afford both. I really like the couple so I'm not sure what to do. Would you guys accept or deny their application? Any suggestion would be great, thanks!

[Raj Gandhi]

1 application in 30 showings isn't a very good ratio.  The bankruptcy doesn't bother me too much.  Starting a new job isn't good.  3x over rent is mandatory.

Selling their house is the biggest issue.  Can they come up with 1st month's rent and 1 month rent deposit and set a move-in date?  If so, I'd have a conversation with them asking about their situation and make sure they'll be able to make your rent.

Otherwise, I'd do something with your property to improve the 1:30 ratio.  Paint, carpet or some other reason it doesn't show well?