A co worker told me to read Rich Dad Poor Dad and that it would change my life.

If they have not held their job long or if they don't have rental history, I'd require a co-signer or higher deposit.  

@Jon Holdman There's often some confusion between a cooperative apartment building and condos, and people will often say they own their apartment when they live in a cooperative apartment building (also known as a co-op).A condo is when you own the interior airspace of a unit.

And because of the risk when I wasn't on title I wanted the seller to put it into a land trust and split the profits with me as a co-beneficiary.

Do your background check, criminal check and whatever else you do.I think the only thing you need to add is a "co-signer" check.

I have a CO real estate license and my own real estate company (Reliant Real Estate, Inc).

(single parent with kids, or 3 college kids or young workers)If you are okay renting to college kids you don't need to have them personally make the 3x income, you can require them to have a co-signer (parents) and then they all are on the hook to pay.Students have issues, but overall if mom and dad will help them out you should get paid without much worry.

. $600 for a CO for a 3 unit residential property) aint cheap.

If you have a contract with the Buyer but failed to execute a Co-Broker Agreement which formally documented the broker to broker arrangement you may still have grounds to force the 50/50.

Your dad would not "co-sign" he would be a co-borrower and on title.5.