Some lessons learned, ownership is expensive and time consuming, roommates never want to help with house improvements, and make sure to include the income on taxes.

You are still allowed to reject that unauthorized roommate if you find criminal or other negative findings from the screening.If you decide to approve the new tenant, just draw up a new lease for a 1 year term (or your choice) with the new rent and make sure all roommates are included on the lease. easier that doing addendums for rent and roommates etc. and you get them to commit to a new 12 month lease so you dont risk move-outs in the middle of winter.

I forget what exactly the problem was but people were bringing up issues they've had with roommates fighting and not getting along (which isn't your problem so much.. but still is annoying).But good luck!

I pay $1300 in rent and have to share an apartment with a roommate. 

Some young people are avoiding buying homes, preferring to rent with roommates, Barrack said.

With that said, I'd get 2 quads, let the cash flow pay your rent and get a roommate.

If they aren't currently living together, lack rental history together they are really roommates.

I plan to do some basic cheap work paint and new carpets/linoleum and then I want to move in and find a roommate or two.  

Maybe even see if you can find more affordable rent or double up (and have a roommate) to save more for a downpayment.

I bought a house this past May, and haven't had to put any money into the mortgage because of the room mates I have with me -they're paying under the market rate for this living situation, which covers the mortgage and another principle payment every month.