I am renting out my downtown Chicago condo for $2K/mo. I just had an applicant apply that only makes $39K/year as a delivery driver and potentially $5-6K more from being a trainer on the side. He has a lower credit score (550ish) but no real red flags on his application, and only has about $4K overall debt.
The co-signer has great credit but also only makes about $36K/year as a maintenance worker (7+ years).
The applicant toured the building with his girlfriend, so maybe they’re going to split the rent? I’m just not 100% sure where the money is coming from for this place but they seem excited and like good people.
Any thoughts or experiences?