House hacking with friends, yes or no?

[Dane Larsen]

Good morning BP forums,

I have the plans of purchasing my first home this fall/winter and I want to house hack it. I plan on renting out the bedrooms and I will live in the office, loft, basement (or whatever it may be). I am aware that renting out a home to family or friends is not a good idea when it comes to the traditional rental, but does it make a difference if you will be living in it? I would love to here an experiences that you may have with this. Have great day!

[James Wise]

Originally posted by @Dane Larsen:

Good morning BP forums,

I have the plans of purchasing my first home this fall/winter and I want to house hack it. I plan on renting out the bedrooms and I will live in the office, loft, basement (or whatever it may be). I am aware that renting out a home to family or friends is not a good idea when it comes to the traditional rental, but does it make a difference if you will be living in it? I would love to here an experiences that you may have with this. Have great day!

Longer i've been in business the more I believe it's best to keep personal life and business as separate as possible.