Rent by the Room - Strategy

[Drew Harris]

Hello BP,

I'm a rookie investor looking to work with partners on Rent by the Room strategy. I will be looking for duplexes and SF to do this. I plan on living in the property in one of the rooms to start leasing to myself (LLC). Using a conventional 3% or Down Payment Assistance Program to purchase one. Then work with partners using the BRRRR strategy to purchase others under my LLC with 20%-25% down.

If you are Renting by the Room, what has been the biggest learning lesson you can share about this strategy?  Would you continue this strategy if you had the financing or partners?  How do you handle issues between roommates?