Clear communication and legal safeguards are essential for a successful partnership.

You are micro-analyzing the minutia of each offering, but that's not really the issue.

The concern with places like Irvington will be once you move out and no longer owner occupy how do you raise rents legally.   

I've been teetering around the idea of house hacking once I am done with college, but a big issue I have come across when speaking to a mortgage broker is the fact that I need to prove 2x of the mortgage in monthly income.

The buy back was a comment over the phone, nothing legally binding unfortunately.

s postsSo far I haven't had any issues with my tenants here and my properties are located in a very pro-tenant law city.

Originally posted by @Will Zena:Also he is well advised legally.

This is really what it should be as unsafe units should have to address the safety issues before they can be rented.  

Depending on what the issues are with the credit scores I might consider lowering my credit requirements.

You always have to watch for scammers but they aren't that big an issue.