That's a great tip, expect a minimal 90 days grace period to receive funds from borrower.

We're three partners with strong credit, net worth and income.

Straight mortgage 30 year but since I knew I wasn’t going to keep it I negotiated a higher interest rate for less money down and buyer credits at the table which saved $1000s How did you add value to the deal?

Is there any tips on major red flags to look for? 

@Kevin Gallagher you've already received some really great tips in this thread from @Travis Moe and @Nathan Wankel I would definitely think about the school district you purchase in.

Right now I’m really focusing on fine tuning my finances, eliminating debt, improving my credit score, working on building a savings and educate educate educate.

Everything else being good--appraisal, environmental, personal credit--this should be financiable.

I’m sick of hearing no from everyone and being discouraged to actually get involved in RE any tips?

Or if they don't meet your income qualifications or don't want to occupy for two months or...you get the idea. great tips!

Any big tips or things to avoid when adding a roommate to a house?