I've been teetering around the idea of house hacking once I am done with college, but a big issue I have come across when speaking to a mortgage broker is the fact that I need to prove 2x of the mortgage in monthly income.

The one I am speaking with currently has not offered up any sort of contract so I am taking the lead on preparing something.  

Quote from @Phillip Austin: There are two alternatives to a security deposit, which I speak about in my book.

Maybe they are only six months in and don't have any real experience to speak of.

Speaking of whic, rent is due on one of my units today, and I got to log in and check right now.Hope this helps.Leon

I can confidently speak about Birmingham.

@Anade DavisFeel free to send me a direct message if you have any issues with our comps, or use the live chat on our website (blue button at the bottom right) to speak with our support team in real-time who would be happy to help you as well.

Speaking of team, focus on building relationships with a lender/realtor/GC early on.

You should speak with a CPA and a tax attorney to be safe.Regarding your thoughts about 1/3 equal splits - sounds good until you check out the cost of getting a DSR rehab loan or borrowing hard money.

Alternatively you could sell at a loss and stop the bleeding so to speak.