1st house hack in Colorado

[Wyatt Simon]

Hey BP! I am looking to do my first house hack and I found a deal for 4 bedrooms 2 bathrooms 1600 sf home. The family potential rent income could be 2100 (estimated on rentometer) although I’m thinking I’d rent out each room for an average of $500 a room. And live in the 5th non conforming bedroom. So 4 rooms x $500 = $2000 a month cash flow My mortgage would be around $1200 and it’s a newer home and I’d live for free. Thoughts?

[Diego Ortega]

Wyatt Simon
If you're very sure of the numbers, I'd say it sounds like a great deal! I'm doing one in Michigan with my gf in a duplex just got a tenant. Would you make the roommates sign a lease? That's the only gray area I see that could be tricky.