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What I DO look at is the overall income of the household, which must meet the 2.5 or 3 X rent amount (dependent on each property), along with the overall stability (in all areas) of that primary.For Roommate situations, primarily students, individual income is important, and often includes stipends or other resources in addition to part time work.

Virtually all felonies and all evictions are automatic disqualifiers for us, and students without their own employment and financial means have to have parent co-signers. 

Also, the only people living there will more than likely be college students so I don’t think I’ll have a problem finding tenants per room.

“There are realtors out there with buyers and there's no houses to sell to them,” said Stansbury.Alaina Vanaman is one of Stansbury's students.

The student housing community I worked for required all tenants to have a minimum of 100K liability and you'd be surprised at how many times we had to use their policy for some sort of damage to the property (i.e. flooding, fires, etc.).As far as rent payments, I would recommend using Venmo.

The area I rent in is popular for the younger professionals and grad students.

My perspective now, 8 years later, 1 nasty lawsuit later, and being a second year law student, is pretty much the same except I'd have an attorney review it. 

The best students are teachers.

John Miller Congratulations on enrolling in your first class on investing in HUD homes - and for paying off your entire $5,000 student loan.