Quote from @Leo Alvarado: Hey guys, I am currently in the process of closing on a two unit duplex that I will be occupying while renting out the other unit.

However, you will need to find a seller that is willing to do this and it wouldn't be a bad idea to have a professional help guide you through this process.

What are some standard process or contracts needed before the partnership to make sure both parties are protected?

When I first started I purchased them and when it came time to use it the process was a nightmare.

Strong property management and careful tenant placement also play a critical role in success here, so I recommend partnering with a turnkey company or an agent who specializes in these areas to make the process smoother.As for rental demand, homes that sit for extended periods are often the result of issues like pricing, condition, or tenant quality—not necessarily a reflection of the market as a whole.

@Ben BergHere is the process of renting a property with a roommate, focusing on cash flow, financial arrangements, and renovations.

I think this way of thinking is a bit foolish and can leave thousands on the table.When I'm looking to process a renewal, whether for my own investments or for my clients, I start by completing an analysis on the tenant.

Honestly, hiring a lawyer might end up costing more than the process itself, especially if things don't go in your favor.I’d recommend approaching the neighbor directly to discuss it, making sure they’re aware of the serious safety risk.

Their customer service department is very responsive.When selling a service as taking care of everything and handling the complete process, this includes all forms, liabilities and considerations for that particular need.

Quote from @Reginald Glascoe: I definitely don't want to start this process over again.