Airbnb SFH - different listing every room?

[Jack Walker]

I just recently listened to the BP podcast #210. On the second half of the episode, Sam is interviewed. He mentions that he owns a single family home(SFH) and rents out each room. Has anybody else done this and have any input/advice on this topic? I am thinking about buying my first property to house hack. My desire is to own a Multifamily and live in one of the units for free, but Multifamily homes are harder to find right now. I initially didn’t want to use an FHA on a single family house because I was looking to rent and generate cashflow. I didn’t want a years worth of negative cashflow. Now, however, I am thinking about a bigger SFH with 4-5 rooms. Each door would have an electronic code lock that would change frequently. Each door could also have a number on it, and thus have a separate listing. The common space would be shared. It would be lIke a mini motel, in which I would hopefully generate +cashflow, or at least living for free(with so many doors, the rent would be higher). Any thoughts? Experiences?

[Luke Carl]

@Jack Walker. It’s possible! Depends on your market. College kids? Can’t imagine families would want to share rooms unless it’s a big gorgeous bed and breakfast. First question is.... are shorty term rentals legal in your area? Do you need a permit? Can you get a permit? Spend some time on AirBnB. See if anyone else is doing what you’re looking to do, and are they making money (how full is their calendar). Good Luck!