House Hack with “partner”

[Ross Holden]

I own a business and am in the planning stages to begin investing with a mix of flip and buy & hold. I have an early 20’s employee that is interested in “helping” with a hack. I have an established residence, kids in school, etc. so I’m not in a position to move.

The idea is that he would be a renter while rehabbing. I don’t expect that he will do the work, but he can learn some skills/project management that could be beneficial in the future. He has been with the current business since inception (six+ years), he is trusted and I consider him almost like another of my kids. I think there is opportunity here, but looking for some feedback, thoughts. Too many ideas rattling around to list so I’m putting it out to the BP Community for discussion.

Thanks in advance.