I purchased my dream home about 12 years ago, never looked back, its the best thing we did, its my slice of heaven, and never stopped me from investing.....

You can charge a higher per room rate, based off size of room, amenities, etc.My preference is option 1, just makes it cleaner.I'm sure there are other ways to slice it to.Good luck!!

Lucky man, go for it : )

In exchange they might be able to give you a slice of the deal, which is a win-win for you.

Any investor, however, is going to take a slice of that equity, which means your equity grows slowly, if at all.

Being able to slice and dice the data and set up and tweak searches as you see fit is a great perk.

@David Wilson I agree with what @Daniel Brown said and would add that the person who brings money to the table is taking way more risk and deserves a bigger slice of the pie; don't sell your contribution short.

Some want equity, so they get a bigger slice of the pie when you liquidate.Basic, oversimplified example: $1 M deal.  4 investors pool funds for the 20% down payment ($50K per investor). 

A reasonable California (Bay Area or SoCal) goal post to see is if your "slice" of that PITI after collecting rent and paying expenses is more, or less, than what you would otherwise pay in rent for a comparable living situation.For example: Renting a 3/2 in that neighborhood is $2500/mo.Or you own a duplex comprised of a pair of 3/2s, and the PITI is $4000/mo plus $350/mo in maintenance (some months you will have zero maintenance, other months you're replacing a water heater, this is a super rough long term average number, adjust accordingly if it's a 100 year old home instead of a 25 year old home, etc).

You got this man go for it.