My boyfriend bought our first house 3.5 years ago with a co-signer and now have about 150,000 equity, should we borrow against that (can we do that with a cosigner)?

Kevin, that is a good point, I would most likely require a co signer with most student renters.I also do agree that no one is ever guaranteed to have 100% occupancy all the time.Thank you everyone for the great responses, I love the discussion thats going on!

@Tori FrielI would try to get a co-signer.

This is not a loan but a co-investment.

Around here, if you post on MLS you need to pay a co-broke to the tenant's agent which is usually $300-$500 ~ish.

Can I add a co borrower who also lives out of state?

I would start by going to the bord and requesting an income exemption or better yet see if a co-signer will be acceptable for income purposes..

Small business typically want flexibility so if you can create a co-working space or a flexible leasing structure that will allow you to have value add proposition compared to other landlords.

At worst, you'd pay the buyer's agent a co-op fee, typically 3%.

I echo Don's sentiment, I think that there is little to be gained with most real estate guru training, especially those systems that are designed to have you take one class to upsell you to another class to take another even more expensive class.By the time you have spent the 20K or more, in almost all cases you would have been better off to have used free or cheap resources like the Bigger Pockets books and then spent the rest on an actual down payment.I have never taken and paid for a guru class, and have no interest in doing so.Having said all of that, I have a co-worker who did spend the tens of thousands of dollars for the full LU membership and he also invested low to mid six figures on a LU deal.