I will keep an eye on that.

Your primary tenant should be your eye's and hears of the household, but I wouldn't give them duties of your responsibility. 

In the eyes of the law, any legal conflict between you and your guest will be treated as a landlord / tenant conflict even if the rental is a room in your own home.  

A 6-7% vacancy rate might look tempting, but it’s important to keep an eye on any new developments, like Build-To-Rent apartments, that could pop up in the neighborhood.There’s also some research* out there showing that average vacancy rates across Metropolitan Statistical Areas (MSAs) have ranged from 17% to 10% in the past (95-17).

Through the eyes of the lender and on paper, you can't say you will be moving into the illegal unit when going through the sale process.

Boots on the ground.Make friends with a neighbor who can keep an eye on things.

We removed 4 walks (including load baring), installed 2 walls, added half bath, replaced all plumbing and electrical, added new eye brow porch, painted full exterior (changed color), replaced all flooring, new bathroom and kitchen layout with everything replaced (shower, cabinets/vanity, counter, appliances, etc), stocked with new furniture, added mini split, removed gas/wood fireplace and added a new electrical fireplace, and placed initial STR tenant in 2 months and 1 week.  

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $150,000

Cash invested: $75,000

Sale price: $332,500

Don't miss this Freedman's cottage built in the Roaring Tw...

Catch their eye with a descriptive headline.

People would say things like cash flow, seller financing, Self-Directed IRA, etc. and my eyes would glaze over.RTR Academy starts at a basic level and builds you up to where you need to be for a successful endeavor into real estate.