Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Here's are some other common terms for House Hacking -> Room Sharing, Owner-Occupied Rental.

A few common items such as:1.

Nonpayment is BY FAR the most common reason to oust a tenant and a lease should not impact your ability to evict for that reason. 5.

Eventually I want to have a go to foundation contractor as well given the fact foundation repair is so common in our area as homes age.

I used to go medium oak on the theory that if it looks like the most common hardwood floor color, it will get less scrutiny than some picture of exotic hardwood. +1 on Ben Moore Navajo White!

You also have to deal with a bunch of tire-kickers who just waste your time.The rest are only worth advertising on via syndication as not really enough traffic to justify resources to manually add.Of course, this is for our Metro Detroit market, each market may vary somewhat.

Obviously the tenant hope of bringing in more occupants (and sharing more common area space/bathrooms as a sacrifice) would be to lower the rental cost per person.  

As a newbie, it is easy, and common, to head down multiple paths chasing shiny bright objects, with many of those paths just leading to time wasting and increased experience in learning what you don't want to do.

Check how many electrical meters there are, and if there is one for the common area.