House hacking with mid-term rentals?

[Kevin Duong]

Hi community,

I'm planning to house hack in Richmond or Fredericksburg/Spotsylvania and am considering renting by the room using short-term, mid-term, or long-term strategies. I’m committed to house hacking since I can only afford a place with a primary resident loan.

Has anyone employed the mid-term rental strategy while house hacking? I'm curious to learn more about the experiences and outcomes of using this approach compared to short-term and long-term rentals.

I’d love to understand which strategy might work best for me. What are the pros and cons you've experienced with each rental duration? Any insights or advice would be greatly appreciated!

Thanks!

[Jonathan Greene]

STR is a better option for renting a room in your house than MTR. MTR guests usually want their own space, privacy, and quiet. But the better answer is, don't buy a house if the only way you can cover the nut is to rent out a room. You may not like it, you could get a weird tenant since you don't know what you are doing. It seems like you are forcing the issue. Better to find a roommate that you know for the other room if you decide to do this.