It's essentially house hacking on steroids (since you are renting it out by the room and not just a section of the house like a basement), and there's minimal risk.

To help achieve this goal it is important for the Resident(s) and Management to work together to minimize any mold growth on the Premises.

As such, we opted for the deed in lieu strategy in order to minimize cost and uncertainty while speeding up the timeline.We began working with the borrower to negotiate terms of the deed in lieu.

I do want to get into a house now but with high rates and my minimal savings it’s still difficult. 

The process took 2-3 years, I was not in a hurry, busy with my corporate career and rather cash strapped.I forget the refinancing fee, but it was minimal.

Otherwise , as a tenant, I would do a minimal effort.

With minimal assets?

I have had many props that required minimal. 1500 - 2k rent on all in purchase of 65-80k I will take all day.

In the end you just want to ensure you are taking the proper steps to minimize your exposure and keep your assets protected.

How do you minimize future problems?