Since there's no income yet, I assume that DSCR financing is out of the question. 

She has the better credit, so lender wants to use just her.

I'm thinking about renting the basement room and share the kitchen. my question here is what are some requirements or tips when renting a room 

I have remodeled the unit completely prior to putting it to rent, including addressing pre-movein readiness checklist I was given by RL after they walked through the unit (small list of punch items like toilet paper holder, cleaning unit, door stopper etc.).

@Sudheer Kumar - we can help here but need to better understand the Refinance out of the loan assumption better.  

Specifically in SC, though, I would check two things - 1) see if the ATI exemption applies and actually quote the taxes for that particular property on the county tax estimator tool, and 2) get a ballpark quote from your insurance partner on the particular property.

Congratulations on the first rental and all the knowledge you have gained from it to set you up for the next property. 

Does anyone know what the landlord is supposed to do when construction will be occurring on the premises? 

I just sat through the three day flipping workshop and it was awesome!

During the pandemic, I was living in NYC paying $2000/ rent, and decided it was time to follow in my parent's footsteps and start to build some serious wealth rather than paying someone else's mortgage.