House Hacking² -Renting out a room in your half of the duplex.

[Justin Ward]

I am a new member and I'm working towards my goal of buying my first duplex in the fall. With myself coming right out of college, I am used to living with other people and with very little space, which is why I thought of the idea of renting out an extra bedroom in my half of the duplex. I have friends in the area who are renting out bedrooms for $400 per month in an apartment so it seems like just another way to improve the cash flow of the property. Is this a good idea or am I getting carried away here? If any of you have done this I'd love to hear how it went. Even if you haven't I'd love to hear your insights.