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  • but the credit check has come with no evidence of enough income to cover the rent,as one of them is self-employed with no tax returns etc...

    Find different tenants if you have concerns about this.

  • Part of the problem is that I don't understand the level of risk involved, and can't balance this against
    the opportunity cost of not having someone moving in.

  • I don't understand the level of risk involved

    There's more risk. Critically however there is no reward. Pick tenants who offer as little risk as you can. Reluctant landlords cannot afford tenants who can't / won't pay the rent.

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