First time buyer and landlord

[John Smythe]

Hi all,

This spring I'm going to buy my first home and I intend to rent a portion of the property out either as a separate unit or a bedroom with access to the rest of the house. Overall, my knowledge about how to be successful is lacking. Can anyone share resources on how to approach it? Such as finding the fair market value of the space, if a LLC or other corporate structure is necessary, etc. Books. All advice welcome! Thanks in advance!