At the end of the day, everyones ultimate goal is to become the bank and simply lend out a pile of money and collect a return rather than having to do the grunt work of making these assets perform.

They could collect a commission themselves, but they know Im better at what I do than they are. 

He collects social security and has a part time job.

My first Airbnb was a room in my house that brought in $1500 a month. 3 years later I have 7 Airbnbs that collectively bring in $12-14k.

Anyone with a LT lease in place who has collected either two months rent or security and first months won't get tagged for vacancy. 

I would recommend this rather than splitting the bill and trying to collect that amount each month. 

Couple the two together and you have a receipt for tenants that cannot afford to live.As for trying to collect, you should ALWAY put them in collections for two reasons. 1.

I want to know if I buy a four plex under an FHA, claiming that one of the units will be my primary residence, can I move somebody into the unit I claim as my residence and collect rent from them without issue? 

You can invoice them monthly and collect like any other vendor. 

I want to purchase the properties, set up everyone on a month to month lease, transfer the utilities to tenants and eventually raise the rents and collect deposits. 1.