I rebuilt a house in the area a decade or so ago that had cracks in the walls that I later discovered had a 6 foot diameter bee hive in it.

Transitions are also complicated and the screening and rental process can be burdensome.

To succeed, you'll need to ask a lot of questions, screen everyone very well and monitor everything.

Of course you still have to put whoever they might find through your screening process to ensure they qualify.

They don’t verify guests properly; screening is weak because they’re mainly focused on hotels/flights/car rentals.

.🚀 Making It Work1️⃣ Optimize Your Space – Converting a living room or office into an extra bedroom can supercharge returns.2️⃣ Target the Right Tenants – Young professionals, digital nomads, and students love co-living setups.3️⃣ Automate the Management – Using systems for roommate screening, lease agreements, and shared expenses makes it passive.Co-living is gaining serious traction in house hacking circles, and I’d love to hear from others who are using this model.

Realtors typically pre-screen rental clients to make sure their time is not going to be wasted.

Every adult must be screened and approved, period.Here's a detailed guide on how to screen applicants: Application Screening Guide

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

S8 prospects should be screened just like any other tenants and a Home Interview done at their current residence.5) The PMC is your most important team member!