$5,000 is a lot of money. But how many months rent is that? 2? 3? 1 1/2?
I don’t know what the odds are that you’d have trouble finding tenants who can pay or that you’d get one who would seem ok but then lose their job or otherwise not be able to pay. But if one of those things does happen, it wouldn’t take long for that to cost you 5K. And a whole lot more.
I guess I would try to find a way to figure out how likely one of those things is. Not sure how you’d go about that. Maybe ask other landlords in the same neighborhood or general area if you can find them.
