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Updated over 8 years ago,
Income for renter(s)
Looking to fill my first rental property and looking to confirm the minimum income.
I have read in the BP book that we should look for a minimum gross income of 3x the rent. My question is if I have two people (not married but both on the lease)...would each person need to have 3x the rent in income (in the event one moves out) or should this be a combined income of 3x?
Thanks, b