It's a smart way to leverage your living expenses to build wealth and gain valuable experience in property management.

hi everyone, thank you all SO much for your time. you've given me so much valuable insight.it seems like everyone agrees that the sleeper sofa is not a bed. helpful insight + agreed, i wouldn't want to sleep on one.synthesizing all of your great feedback, i have a follow up question:i was asked why i don't put beds in all 3 bedrooms. i am trying to balance the utility of this as somewhere that i live part time, with the utility of the rental. for my own purposes: bedroom, guest room + office. i do a lot of video calls for work, so need an office/neutral space.initial thought:maybe a quality trundle bed in 3rd bedroom that is daybed for office, + converts to sleep space for kids when it’s a rental.

Extremely valuable advice. 

For starters, the BiggerPockets Podcast is a valuable resource for learning.

Adds to the definition of "real estate broker" any individual or business entity who sells or offers to sell, buys or offers to buy, negotiates, or otherwise deals in real estate contracts, including assignable contracts, on two or more occasions in any 12-month period for compensation or valuable consideration.

Keep in mind that refinancing involves closing costs and may require meeting certain eligibility criteria, but it could provide an opportunity to transfer the property to your LLC.Consulting with Legal and Financial Advisors: Seeking guidance from a qualified attorney or financial advisor who specializes in real estate investments and asset protection can provide valuable insight and assistance in navigating the transfer process.

I've been hesitant to go into business with friends, but it could be a powerful play, and a valuable learning experience.

In the last 4 months of learning with TaxLien Code and WealthCon (Ryan Pineda) , we are one step closer to purchasing our first property; any valuable advice is always welcome! 

Your experiences can undoubtedly help us make more informed decisions as we embark on this venture.Looking forward to your valuable input!

I think it's valuable to look into other options as well, and I will definitely look into Jack and Gino.