That will give me my first deal with essentially no money down, and give him $10g to hold himself over until he can get back on his feet...no pun intended :) His mortgage is currently $900 per month.

How much impact will Coronavirus have with real estate? 

Please take a moment to review the following and consider the impact on your expenses and the wear/tear on the property:https://www.nolo.com/legal-encyclopedia/adding-roommate-lease-or-rental-30187.htmlIf the roommate passes the application and screening, you definitely want them to be on the lease as fully responsible for the entire lease and rent.

Do they just essentially provide all money up front (minus your contribution) and they have a first lien against it, just like a mortgage company would? 

Would this significantly impact returns come year 7 if tenants decide to leave?

@Mike McCarthy and @Chris Mason Thank you so much both for your responses.Fast forward to the future, should I fix this discrepancy after closing the deal to reduce my Taxes or it is going to impact me negatively when I decide to renew rentals or sell this property?

I have a subscription to costar as an essential tool for my success.

Check to see how it impacts your cash on cash return which will give you a much better idea of which option appeals to you more.Best,Paul

I’m essentially doing what David Greene says to do in his book. 

Essential if they are a good tenant they can stay indefinitely and I can increase rent by 3.5% a year max.