And in general tip income is significantly under-reported.  

Just be careful that if it's on a property in your name (like your home), it will report to your personal credit.

Nothing about this was mentioned in the condition report.

Just go ahead and get a preapproval from their “preferred” lender...agents do this, as they should, simply because they know Their lender will do a Real preapproval....2 years tax returns, W-2’s bank statements , etc....unlike many who just run a credit report.

Or will you be covering that yourself- It's fairly simple to divide the proceeds so you each report them separately, but I am not a CPA and can't advise on the logistics. 

I do not know what my credit situation might be, but I want to pull the report and get with a banker and strategize what can I do, do I need to do to get into the best position down the line, for when I am actively ready to buy.5.

View report*This link comes directly from our calculators, based on information input by the member who posted.

View report*This link comes directly from our calculators, based on information input by the member who posted.

They can call the city and report you for not having habitable units (no C of O or permits on record) and can refuse to pay rent and you wont be able to do much about it.

The other thing to note is that if anyone is interested, I’d like to purchase a cost seg report on the property, as well as manage the property on my own through the end of the year before hiring a 3rd party management.