Hey All,

So heres the breakdown of the situation. My girlfriend and I are looking for tenants for our first rental, and stumbled across a renter that wants to do a 2 year lease.

First thought is HECK YEAH! secure monthly cash flow.....
But here's the catch.

The renter has great rental history and has references that we can call on to verify that information. The catch is that this person has been paying medical bills for her mother's cancer treatments since 2007 and is finally thinking of declaring bankruptcy in order to come to a settlement on how to arrange those medical bill payments. I'm inclined to think that this isn't a good idea at first look, but she has been paying these bills since 2007 and has had good rental references for the same price as our unit during that whole time period.

I'm still a little hesitant on this tenant, it is a family, with two small children both earning incomes but the primary question I want to pose is if we go through with this what could be the ramifications if they decide to go through with filing for bankruptcy, and any potential wordings in the rental contract to protect us the landlords.

This is in North Carolina for reference to tenant laws and any of that matter.

GUYS! feel free to tear this post up with constructive criticism.

good rental history for past 5 years whilst paying medical bills
ramifications of a tenant filing for bankruptcy etc