You have a full financial picture and it doesn't seem to add up to me.

I've come to this as my standard practice:1)  Pull all students on the lease jointly and severally liable for to TOTAL amount. 2)  Include a co-signer/financial responsibility form for parents of each student. 

@Bryan Dorsey If you are willing to take on a value add project that is in bad shape (not financiable) you can get 2% in non major cities in CT.

It also helps prepare financial statements and tax returns.

My option, of course not knowing your state laws, would be to simply say know and allow the tenant out of the lease so that you can find a qualified tenant.If you are not legally obligated to accept welfare tenants get rid of them.

This is simply a different business model of handling investments so as to expand your choices for the IRA beyond conventional financial products.

I recommend MB Financial for this type of property.

HAPPY NEW YEAR GUYS.I submitted the numbers to a financial group out of Ohio, they got back to me within 36 hrs.

I'm hard pressed to find potential renters who don't have major financial blemishes, let alone criminal records to boot.

Cash based tenant pool - All the multi-family properties I've seen in Las Vegas rent in the $400/Mo. to $650/Mo. range and the tenant pool in this range live cash based lives and have no "financial history".