Here as a recent thread about it from on here with some good info provided by an attorney: https://www.biggerpockets.com/forums/93/topics/1193044-seeki..."

I would check with a real estate attorney in both Arizona and Minnesota to make sure you're compliant with state specific requirements and to handle any potential tax implications.

If you do this do you still go through a closing attorney or title company? 

I would consult an attorney for contracts.  

I'm going to have an attorney review my lease agreement, but all the documentation that I have came with my BiggerPockets MANAGING RENTAL PROPERTIES book a few years ago, pre-pandemic...and it's a lot.For those using KeyCheck for their MTR listings, did you also find that additional documentation was needed, besides the 3 key things that KC provides? 

  I haven't done before, and would prefer not starting with attorney help, at least to start with, unless absolutely necessary. 

Rogelio,I would check with a local Title Company to ask generally what they have seen in the past.Check with an insurance agent, even specifically the borrower's insurance agent, as to required terms.Finally, armed with that info: work with an attorney to draw up ironclad docs.My 2 cents,Mike 

Would you recommend getting an attorney?

A room furnished through FF could easily fetch 800. 3 of them is 2400 or up to 3000 when that same house probably only will get low 2000 for rent.I don't think BP has leases for by the room (correct me if I'm wrong) but you can have an attorney draft one for not too much online OR use ChatGPT honestly these days.

I have at this stage handed this over to an actual attorney, but wanted to check here on anyone else's experience with this.