I rent out the upstairs to a roommate, which covers about 40% of my mortgage and 1/2 utilities.

Tougher to rent a unit that has one large and one tiny bedroom, because one of the roommate gets stuck with that small room.Look at the zoning map and check with the planning department yourself.

titan305Living in a college town and dealing w/the roommate situation personaly I think it works out better to do the individaul lease.

Nothing down house, load it up with roommates and end up paying less than it cost me to rent a room in another house.

My grand scheme was to quit it in order to get my RE License (one of their rules) but as life would have it, my roommate got laid off last week, and I don't have enough savings set aside to cover every eventuality and a year off to get a real estate career going.

Get a multi live in one side, rent the other and take in roommates and live for freeand get $ in your pocket every month.You might consider Niche or Specialized Housing like student housing.

I bought a house while I was in PT school in 2004, and had 2 roommates that paid for his mortgage and allowed me to live rent-free.

what happens if say you send a guy to live with someone, and the guy you sent as "roommate" steals an expansive item?

I read the post you are referring to and it brought to mind a scenario where a colleague mentioned a woman he knew who was having trouble with a new roommate.

I Have a great tenant that has occupied the property for nine years which is two years before I even purchased the property, she always pays the rent on time, and the repairs I've had to do to the apartment have been minimal, but she has a roommate that she is no longer getting along with and she would like to move her boyfriend into the apartment, but her roommate doesn't want to vacate voluntarily.