Once that kicks in full speed, I think we could see home values take another hit as household budgets feel the pinch.I'm not an appreciation buyer.

If the person qualifies as "head of household" you can't garnish their wages unless they make more than $750/week AND sign a waiver allowing a creditor to garnish their wages.

He's a candidate for identity fraud.But on the ladies, here's my advice: (I mean, on renting to the ladies, other issues with ladies - don't listen to a word I say, or better, listen and do the opposite. )OK - I've had many of these 2 or 3 adult arrangements, sisters, roomies, woman, Mom and Cousin, and here's the bottom line difference between success and failure, in my humble opinion:It is, if there is or isn't ONE key person in the group, that "runs" the household, talks with you, requests maintenance, gathers rent from others and forwards all of it to you, and as several of my "key people" if you will call them, have done, re-rented parts of the house when one of their roomies left.I've got one "key person" that has "run" the house for 8 years, always dealing with the revolving door of roomies - place looks fine, and it's occupied, and all I ever have to do is return his calls when the _ _ _ _ _ isn't working.Another story that amazed me- Karen - main person with her aunt and cousin as roomies.

Average household income is approx. 72K

If you are comfortable with the collateral, it will only matter that he is using the proceeds for a business (non-personal or household) purpose.

We do how many total occupants, what pets do you have, what is total verifiable household income, what move-in date do you want.  

We are in our 20's with no children and a respectable household AGI.

@Max Householder I agree 100% with everything you are saying. 

The area is only about 14% rentals with about 861 households, while the rest are homeowners.Household rent affordability in the area is 61% at about $1,100 and 86.4% above $700.

If your annual household income is $50K you don't bear a huge burden, if it's $250K you won't like that margin tax rate on ordinary income (I'll skip the whole qualified dividend conversation to keep it simple).