House Hacking with Single Room Occupancies?

[Cody Malave]

BiggerPockets,

I was wondering if anyone here has any experience in house hacking a SFH but renting out rooms individually as an O/O. While I understand the drawbacks to sharing all of a house's common areas as well as potentially bathrooms, I know there is also much more room for personality differences. Most of my renting in Florida has been on this basis, however. I personally have rented rooms from people found from either Craigslist ads or by word of mouth, and have never had any issues. I screen my "landlord" as tediously as they are probably screening me because I will be living there with them. Due to the market in my area, it is a lot more likely to be able to find an affordable SFH that I could essentially and eventually BRRRR, but house hack for a year or two prior to renting entirely.

I understand certain drawbacks such as personalities clashing and perhaps even personal safety issues, but provided solid screenings are done, is this something you all would encourage? Or be dead set against? Again, hoping to hear from those who actually do or have done this instead of just perspective on what could go wrong or right. 

Thank you!

[Daniel Haberkost]

@Cody Malave I have a 4 bedroom home and rent out all 3 extra rooms. I screen my tenants thoroughly, am very upfront with my expectations, and make sure everyone has different schedules. I’ve had absolutely no issues and they pay my mortgage, utilities, gas, and food bill every month. I’d highly recommend it!