College students -- source of income

[Bienes Raices]

A college student called who wanted to see the place. I asked him if one of his parents was going to be the cosignor and he said no. I told him that I needed gross income to be at least 3X the monthly rent and he said that his income comes from financial aid and scholarships. Should I just go ahead and evaluate the financial aid based on my criteria?

[Bill Gulley]

Pretty much, the income is questionable, to ensure you don't get into any discriminatory issue use the credit history as the qualifying issue, requiring at least 5 years of credit history is prudent, allowable and reasonable.