The vast majority of agents quit within two years because they can't handle the stress or make enough money.

It will address things specific to a roommate situation like using and cleaning shared common areas, cleaning responsibilities, quiet hours, etc.

I was a senior in college studying business management, evaluating my personal financial situation, and determined to be a wise steward of my first paycheck after I graduated, knowing I’d be climbing my way out of about $20,000 of student debt and several grand in auto loans.WhIle searchIng for somethIng productIve to lIsten to on a jog I found the bIggerpockets podcast.Ive learned more from BP than I ever dId In college.Despite math, my wife and I made the personal choice that we’d pay off our student and car loans before we got started.Fast forward three years later we paid everything off and saved $20,000.

With an OOS situation and large rehab being done by the people that are also verifying the work can be problematic to say the least

I could do more deals if I was willing to be more leveraged, but all that results in is me losing more hair because I start to stress about it!

@Patrick Daniel wouldn’t me putting down a good down payment help the owners situation a little bit?

I would reach out to your attorney and ask them what they think is best in your situation.

Other than that though, the deal seems like a decent situation.

I am in the same situation down here as a college student in Pensacola FL.  

@Austin Hunt I'm in the same situation as you when you posted this.