If there are 3 roommates I want any two to be able to cover the rent in case one drops out and another needs to be added-that is in the lease.

@Craig JeppesenWill vacancy and mtx be added back?

2 of the questions is the famous 4 are regarding books that the guest speaker has read, and although I would consider myself a reader as well, I wonder if another question could be added to the mix, even if not asked amongst the Famous 4.

Is this standard language on a normal lease agreement in Cleveland is will this language have to be added to lease?

Although you'll be adding more debt with each property your DTI should go down, as long as the properties cash flow well. 

I'm curious as to why the depreciation can't be added back to a partnership as well. 

Select your partners wisely - Realtor, Lender, 203k Consultant, and ContractorREALTOR - it's recommended to work with one that has done a 203k in the past so they know what verbiage HUD wants to be added to the purchase offer contract and how to structure the dealLender - advice you to select a lender with verified 203k experience; the lender is the quarterback in the process, controlling the rules, paperwork, processes, procedures, and if the lender does not have sufficient experience with the 203k, your entire process can look like the Cleveland Browns on a Sunday afternoon203k Consultant - the lender is responsible for selecting the 203k Consultant (refer to Lender paragraph above); this person determines the scope of work and pricing for the projectContractor - strongly advise you to select a Certified 203k Contractor; this person does not set the pricing (see 203k Consultant info above) but does need to know the different versions of the 203k, payment methods, timelines, paperwork, and processes; definitely don't want to work with a contractor who is going to "wing it" on a 203k.

My suggestion would be to make a formal offer that has an addendum showing an amortization schedule, and the accumulated interest that would be added profit to the seller. 

If it’s REALLY a good deal finding an end buyer for it shouldn’t be an issue, however, You should constantly be adding to your buyer list.

Often times I urge my younger clients and clients with short credit history to ask a parent, family member or very close friend to be added to their credit card as an authorized user!