To be honest i am not sure where to start the journey so I thought it would be best to  rent out my spare bedrooms.

At movein, if the tenant requests a w/d and I have a spare, i will furnish one free with a lease addendum that states they are provided as a courtesy and will not be repaired or replaced if they fail. 

Maybe renting out a spare room. 

My boyfriend and I are in the stage of gathering information and formulating a plan to begin flipping in our spare time which will hopefully snowball into a full time gig.

Please spare me about the working in vs. on your business, workman' comp, insurance etc.

Over the past couple of months, I've been listening to the BP podcasts and reading the recommended books from there to educate myself.I currently own a home in Plano, Texas and rent out the spare rooms in it to pay the mortgage, but I'm growing tired of having roommates.  

A Conversion Van or a small compact car?

Or if it's better to BRRRR or FlipHe would either help with rehab or simply lend money at interest.SFR 3 bed/1baPurchase detailsPurchase: 47k cashClosing costs: 2kRehab: 15kI fund 22k cash, he funds 42k HML 12% interest only.Rehab time is 2-3 months in our spare time and around $1000 in holding costs (taxes, electricity, water, etc.)Rent post rehabRent income: 1000 a monthFixed expenses: 612.50. 8% Vacancy, 8% capex, 7% repairs, W/S/G, 137.50 Taxes, and 10% property managementGross income: $387.50 a monthOption #1 Cash out refinanceThis is where I am confusing myself.ARV: 95kNew mortgage of 75% LTV with $2k closing costs rolled in: 75,250Does this mean if I cash-out refinance I would get 23.75k cash, and have a new loan of 75k?

I recently finished "The Millionaire Real Estate Investor" by Gary Keller, Dave Jenks, and Jay Papasan and I am now in the middle of "How I turned $1000 into $5 Million in Real Estate in My Spare Time" by William Nickerson.

I rented out the 2 spare bedrooms in my home to help me save up enough $$ for a down payment on a rental property.