(Due to some financial issues with him in the past, I'm not willing to cosign for him)  Would a rental agreement with the roommates suffice? 

.: Quote from @Travis Biziorek: Hey Greg,With $750k to work with, you're in a great spot to make a serious move towards financial freedom through real estate.

Prioritize your financial stability.

@Joseph M. prices have certainly gone up with the rest of the country through this great recovery since the financial crisis.

In this instance, there is no control and just hope.I would ask for financials, what happens if rates do not go down, and really get a better understanding.

Our underwriting focuses primarily on the property's return on investment and/or cash flow, rather than personal financial details.

Prioritize your financial stability.

Through your local bank that you are using, are you reapplying for each new home for a seperate construction loan or are you setup as a credit line with them and just submit a new budget for each new home I do want to also add that my banker who is the VP of lending and branch manager has been banking me for 30 years..WE have been through all he ups and downs including the GFC were I got almost totally wiped out financially..

NMLS call center said they have no problem with it but it strikes me as odd that the MU4 filing requires you to disclose other 'financial related activity'. 

My goal is financial freedom for my family and a life full of giving and serving.