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Updated about 4 years ago on . Most recent reply
Househacking in SF viable?
I live in the SF bay area, and given the incredibly high costs of buying, I have been renting so far. Of course, rents are also high, but they are often cheaper than PITI without any of the risks, so it has made sense so far.
However, I'm considering buying a home that I will live in while renting out rooms to hopefully turn a profit. I know that SF is incredibly tenant friendly, but as I understand things, I have much more control over my property if I am also living there, and will be more easily able to raise rents and/ or evict problematic tenants as needed.
Is this something that would be reasonable to try, or is it not worth it due to some factor I haven't considered? IF it is worth it, what are your suggestions on how to achieve it? Thank you in advance for the help.