What's more important when screening a tenant - income or credit?
if someone makes a lot of money $6,000 p month, but their credit has problems. is that better than a tenant with low income $3,000 and good credit if rent is $1,500 per month?
I would go with credit. Just because someone makes a lot of money, that doesn't mean they don't have bad spending habits and/or poor money management skills.
Credit reports tell an important story. Following the money won't help unless the tenant is prepared to prepay the lease. Seeing the historical trend of how the person pays his or her creditors is invaluable. Don't be impressed by the money unless it's all deposited into your pocket.