House Hack - renting out a room short term or mid term

[Deanna Luna]

Hello everyone. I need to reduce my mortgage costs! It's my largest monthly cost. I don't have any other costs I can reduce. I am looking into converting or building a new mini ADU from where my current detached 1 car garage is. I also while not convenient (I have a small 2 bed/1 bath) I think I am going to have to suck it up and rent out my other bedroom. Any ideas other than having a full time roommate? STR, MTR? I am currently unemployed and always home so having someone around all of the time is not ideal. I live in the Oakland area. Thanks, Deanna

[Jared Hottle]

I would rent out the room as soon as you can as a midterm rental to travel nurses or other traveling professionals. I would look to get the highest paid work from home job possible to allow you to keep flexibility but start earning income. I would then tackle the garage ADU once you have money coming in and snowball from there with an investment property down the road after you get a good handle on your current situation.