Hi All,I have a rental applicant whom I would like to place in one of my shared housing rentals.We strictly require all applicants to undergo a credit and background check.

And I presume it will get to 5 pretty quick unless you have great credit depending on area. 

I have about four savings account which totals a little over 3k for different reasons like Emergency (2k), Travel (1k), a credit union saving (~300+), and investments (~350 and adding [Had more but I spent it some stuff to educate myself and get started with the stock market.

You still run credit/criminal, check references, verify income, etc.

How's your credit?

@Michael Newman ideally your W-2 job would serve dual purposes, both focused on your passion... 1) build capital and establish credit worthiness with which to pursue your passion, and 2) give you experience in a career you're passionate about. 

Make sure your credit is as solid as possible. 

I do have a software program that we use for the managing of the units that tracks all of our rent rolls, vacancies, income, etc. so that’s all accounted for. 

It is partially for marketing and partially so that I can set up proper systems to track the information that investors want to know.Thanks!

From a bank standpoint, they will have a clear picture of who owns what and has what degree of liability;  however, all of the investors will have to produce tax returns and documents to the bank to show they are credit worthy.