Employing a systematic approach/process for analyzing deals is important so that you aren't tempted to make exceptions and chase deals that will wipe you out.

They have been roommates in college as well and seem to get along fine.Application:Credit scores are around 700s, no late payments.They have jobs lined up in May.Have assured me that they will take exceptional care on the unit.I have letter of recommendations from school and previous employers.

Now he has informed me that his employer will be paying a portion of the rent and they want to be added to the lease for tax reasons.  

For instance I just evaluated a triplex this morning which each 2bed/1bath rents for $2150, 3x the rent, and a 700 credit score, with no pets, employed in the same industry for 24 months, limits your pool to people who you probably aren't going to have these problems for.  

Taking out a loan against a former employer's 401(K)

It will depend on your credit history, employment, assets, cash on hand, experience, and etc. 

I haven't yet sought a preapproval because I think it's a little early, but I have some questions as I have purchased two homes in the past:I know lenders look for employment history.

Because Victorville is Victorville and will always be "up the hill," too hot, windy and cold, with not good employment prospects.

Here's a scenario and I need some advice:Say I (in my mid-30s) have an employer matched Roth 401k, a rollover IRA and a Roth IRA.

You must have self-employment activity and no full-time non-owner W2 employees.