One way to interpret the data is that high household debt indicates negative pressure and an inability for people to pay their other obligations.Mortgage is the 3rd most popular form of debt.

However,when they count is it per person or for the household?

You will have to report your income along with your dad's and this will increase the amount of rent your household pays.  

-Smokers welcome, but any stains on paint that need painted over come out of the security deposit.Tenant screening requirements-Landlord references required-At least 1800/month in verifiable household income.-90 days work history required.

Most people looking for a 4 br are doing so because of the number of people in the household.  

Demographically, we also have millennials start to hit the age of household formation, which is putting pressure on the starter home side. 

If the household income is sufficient to meet your minimum criteria to rent, without counting the income you consider dubiously documented, then I would go forward with the leasing up. 

Memphis has become a "household name" in investing so its far more likely to suffer from a run up than a midwestern city you buy a turnkey in. 

"The stock market's continued rise and steady hiring in most markets is spurring significant interest in buying, as well as the expectation from some households that delaying their home search may mean paying higher interest rates later this year."

@Kim Younkin according to the ASPCA:Approximately 37-47% of all households in the United States have a dog, and 30-37% have a cat.You could argue that less renters have pets or that pet owners are not good tenants, but at the end of the day at least a third of your potential renters will have a pet.