with a student paying $400 for a room + utilities, am I just ensuring that the applicant earns at least $1200/mo income?  

I know I have mentioned that the coding bootcamp is used for finding an additional part time job to earn extra money and it helps with gaining knowledge on automation process at the current job (accounting and finance position). 

This is due both to inflation and increased earnings.

It is meant to more formally declare the larger expenses for which you are expecting a deduction, and to alert the IRS that, as a result of this expense to you, someone else has earned income - upon which they expect taxes to be paid. 

You need to build relationships with some active, seasoned investors who will help you learn from the start how to do it right and legally and by partnering you'll have an opportunity to earn a little money while getting valuable education along the way.  

.§ Chicago in particular, which already is facing extreme financial distress, stands to lose untold millions in property tax revenue, as rental property values will certainly drop if their potential earnings are capped.§ We can only imagine the morass of bureaucracy it will take to administer Rent Control, and it may encourage an illegal black market in Rent Controlled units.§ In short, HB 2430 is exactly what Illinois DOESN’T need, especially now.

On top of that, they have a pet which should be a source of increased income to you instead of increased risk.My policy is that the applicant should earn 3x the monthly rent which means they would have to earn $2,100 a month.

In my 50yrs I'm not sure I have ever earned 4$ an hr even babysitting in HS.Thank you in advance for your honest input....about using VA...not locations or states or taxes or anything else.Kelly

The business must be an active business producing earned income. 

Yes, a Canadian who earn rental income or real estate capital gains in the US will need an ITIN, and will need to file US tax returns.  1040NR returns.