Approve ApplicantPost-ClosingUltimate Nomad ChecklistWeek 65
https://RealEstateFinancialPlanner.com/tenant-buyer-sales-and-marketing/
https://RealEstateFinancialPlanner.com/mock-tenant-screening/
Coordinate meeting with them to get "Reservation Deposit Agreement" and the Reservation Deposit.
No matter how solid you think your Tenant/Tenant-Buyers are it isn't rented until the paperwork is done.
If they did not pass because of credit reasons you are required to notify them in writing.
Some landlords will let Tenant/Tenant-Buyers know what they'd need to do to qualify. For example, you might agree to rent to them if they prepare for 6 months of rent or get a co-signer, etc.