While the interest rate tightening does virtually nothing to the mortgage rates, it makes everything else; cars, credit cards, installment debt, more expensive and again, hurts already fragile debt ratios.Hope this gives you some food for thought.Stephanie

I'll be happy to send you my late policy and application approval & move-in process letter by email if you send me you email address though  you'll probably want something else if you are buying in nicer neighborhoods and renting to tenants with high income & decent credit.

What if you wouldn’t typically rent to this person (employment , credit score , etc) and now he’s on the lease, they split, and he’s a problem and won’t leave bc “he is on the lease”.

@Paul Daniels those are the two methods most often used, but if you do not want to go conventional or hard money, you would either have to go with private financing, or using some personal lines of credit you may have.

Do this—— Contract for sale for 12 months—- get a 10-15k credit line at Home Depot (pay off in 60 days!)

This is a no brained. 1650 rent on an asset worth 300k is a terrible loan to value ratio

I am concerned about differing credit scores and incomes. 

Hard Money rates are too outrageous, some conventional lenders will lend for the purchase price but not the rehab, and lines of credit are an option but it's hard to get a business loan large enough to cover 100% of the purchase plus rehab if any.So, here's where I stand.

Just thinking ahead another step... if a cosigner doesn't meet the standards I've set forth (lack of income, subpar credit, etc.) would it make sense to move forward with two instead of three cosigners, or should I require that the student find a different cosigner? 

Great job 809 credit score. 12 hits on criminal record the worst being battery with intent to cause physical harm (3 counts total) and Burglary of a Dwelling.