I think I will require a co-signer for both applicants OR double the security deposit.

Should I leave her out of this loan application process or is it OK to list her as a co-borrower?

Every state if different in that some allow you to sell your properties and earn that commission others require you to hire a co-worker within your brokerage to sell your property.Happy Investing

The investor could act as a co-signer / co-owner.Property listed at 180kI could offer 170k and 7k on closing bring the total loan needed to about 163k

Colin Smith is a CO Springs agent.

Another alternative is the TIC and buying a partial interest in title, at that point you're a co-owner, then a buy sell agreement can be made to buy out remaining shares over time, in the past these have not been considered as financing as the transaction is between "related" owner parties. 

The problem is that I found out, after I  had already filled out the mortgage application (for conventional loan), the bank wants to add my partner as a co-borrower since I don't have the funds, which is going to be a deal-breaker.  

Hi @Khalid Khan, if you don’t have a steady income, getting a loan is unlikely without a co-borrower. 

I would have no problem renting to the 20-year old, but the 16-year old should not be on the lease, nor allowed to live there without a co-signed lease from her parents.

. :)))Steven, this is a really easy read to define what a co-signer needs to qualify: https://www.rocketmortgage.com...As for rent by room, list it the same way you would if you were posting a multi-family or a whole single family home, on Zillow, Facebook, and Craigslist.