I normally avoid studio rentals given type of tenants are different.With that said, even using your numbers, earning about $30k net profit per year on over $725k (over $250k in cash) in investment is not a good deal. 

Thanks for the feedback.okay. what if the married couple doesn't qualify due to credit score and also doesn't make enough to equal 3x rent. and the other person has the credit score but also doesn't earn enough to equal 3x rent.

I think their point is that if you are working as a real estate agent, earning commissions without salary, then they want 2-years of employment history.Whether a partnership will get around that depends on the financial credibility of your partner.

First, calculate the return you're earning on the $380k of equity. 

There are various programs for subsidized housing, most notably section 8, that can provide reliable income for you extra unit.

It can't hurt to have extra inspections, but your home inspector should be qualified to look at the roof, HVAC, plumbing and electrical. 

.😎)My question is...do I keep this house, have someone pay off the mortgage for me within 10yrs ( assuming i do not refinance and ensure the extra down payments happen monthly and yearly to shorten the duration).

Would prefer to buy something that he can earn from.

Thanks in advance, "Trust" is earned. 

Multiply that savings by 12 months and I would be earning $11,280 a year.