I personally never say no to applicants, I just ask for them to bring more to the table...usually a higher deposit or a co-signer with good credit/income/assets.

When considering a co-op you also need to take into consideration that taxes and usually your heat and other utilities may be included in those costs.

Why might a co-op sponsor not sell units?

Whenever someone is unemployed but rest of their screening checks out ok we require a the applicant to provide bank statements showing enough of a balance in their accounts AND a co-signer who also meets our sreening requirements.As far as accepting $50 less, that is up to you and the situation of your market.

You could even ask for a co-guarantee agreement from partner and cross-collateralize that with his/her other real estate if you don't like the amount if skin they have in the game.

Is he listed on the lease or as a co-signer?

Duplexs do not make sense to have a co-op washer dryer.

Your wife is not going to be a primary borrower buying the property herslf, she will be a co-borrower.

I am a co-organizer for our local REIA called West Texas Investors Club (WTI).

Right now I've gotten into a little analysis paralysis with all the different scenarios.I even have a co-worker who may be in the market for the house if I can turn it quick enough.