Yep, done it! But, I only allowed it be a percentage of income. I allow for “other income” it has to be documented, to the extent that it can. 20% or less.
Katy Schmidt I'm just not sure I see any advantage to that. Affidavit is just a fancy word for someone scrawling with crayon "I swear I make $500,000 a year." on the back of a napkin and signing it. That is an "affidavit". Just because someone uses an official or less common word to describe something, doesn't increase the chances that it is authentic.
If they flow the funds through a bank account and report to the IRS then you can use the bank statements and tax returns to qualify the income. If they are keeping the money all off book and committing tax fraud, what makes you think they will respect your lease?
Katy Schmidt What is the advantage of having it notarized? Is there even the slightest concern that the signature wasn't actually signed by the person it claims to be?