Then the remaining $1735 should be split 50/50 with me, as if he was a co-partner in owning the house. 

To utilize the benefit, her name is on the loan as the borrower and I am on the loan as a co-borrower. 

I'd at least want a co-signer on the lease to have some assurance.

It's currently run as a co-op. 

I'm not sure on this but you might be able to do it if you had a co-signer (like parents or something).

Summary of stats:Real estate valuations: 880,000 (500k 2 Family 380k Primary)Mortgages: 666,000 (318k 2 family 353k Primary)LTV – 2 family is .63 Primary is .9225k cash availableCredit in the 700’sCurrently not set up as a CO.4500 in debt can and would be cleared prior to next purchaseThanks in advance, happy I found this community and look forward to contributing and learning all the same!

When you buy into a co-op, you become a shareholder in a corporation that owns the property.

It will be very difficult to obtain a loan for buying into a Co-op, I have a buddy who bought a co-op in Rogers Park awhile back few years ago and he said it took awhile but was able to get it done.

A co-worker of mine started something with these people, they sent inspectors around, found he put an AC unit thru the wall without filing plans, which meant his taxes would have to go up, fines for not filing, and back taxes from the time he put the AC in.My town was upset my tenant complained about a dead tree, insisted the town take care of it, instead of calling me.

They tell me that I will get approved as soon as I start my W-2 job, however I am looking to get approved now if possible with a co-signor.