Also draft up a roommate agreement since you will be sharing living spaces, maybe kitchen etc.

I am also looking to have my roommate be a co-borrower, but not a co-signer.

If you have friends/roommates/ significant others- are they onboard?

If he passes the application requirements, I would add language in the lease that deals with the deposit and any other issues that adding a roommate could cause, such as the possibility of them breaking up.

Are you willing to have roommates?

How many roommates are you looking for?

We have one long term tenant who has had a LOT of different people live with her, it is easier to make the revolving roommates authorized occupants.This is the clause we use to designate the primary tenant and give us more flexibility:In the event that Tenants decide they no longer want to live together, ___________ will be considered the primary Tenant to make decisions about modifying or terminating tenancy.

I want to purchase more properties next year and I plan on switching to a higher paid job plus I will be cutting my expenses by renting out the other side and having a roommate (I have a FHA loan).

As long as you don't mind roommates.

I will list the details below for you to review.Asking Price: 275kProperty Details: 3be/2ba, 1350 sqft, 8600 sqft lotRehab cost: 20k (cosmetic fixer-upper like fence, paint, lawn care)ARV: 310k-330k Purpose: I planned to buy this as a primary and rent out 2 of the room for roommates.