Having a couple buddies renting out rooms isn't ground breaking and to me doesn't leave you with many options.

We didn’t think we had to – and it nearly cost us the relationship.Moving forward, the best advice I got on this subject came from my buddy Mike Tarpey and again from my main teacher Bill Cook.Bill put like this: anytime you enter into a business relationship with a friend, you should draw up your agreements as if you don’t know each other.

"I've got a buddy who has a house you can have for $500."

I had a buddy do a video walk through, and this house is trashed.  

Currently the tenant is on a month to month lease and getting a break on the rent as his buddy owns the house and he does the yard work which I will be taking over.  

And because they both own the company, my buddy makes money off his own properties.

@Kyle Anderson thanks buddy appreciate it very much

@Jared Saunders Congrats buddy thanks for the motivation and inspiration!

@Alexander Zurn; Thank you buddy I totally understand.

Oh, and any actual cash profits (beyond living for free) will go toward his tuition bill, so smaller student loans.I think he and his buddies will be having a cleaning party in July, after closing and end of the current tenant residency.