Peter Boyle 612 701 6816
In this economy, more and more people are sharing costs and 'overhead.' As long as your renter keeps in line with the culture of the neighborhood and isn't a nuisance, it shouldn't be a problem. Minneapolis codes require a legal egress window in case of fire. If there isn't one, you can usually enlarge an existing window without too much difficulty.
Some programs do allow rental income from boarders but FHA, FannieMae and FreddieMac do not consider rental income from the unit you are living in, so rent is never allowed to be added to income with those programs in the case of a single family home - only in 2, 3 and 4 family homes - and then only with 2 years of rental income history.
Hope that helped!