Something that @Don Konipol recently pointed out in another thread of mine is that successful real estate investors from all walks of life really do seem to share a unified trait: THEY LOVE REAL ESTATE.They're obsessed by it.

You sell for $95k, pay realtors, fees, closing costs, etc etc, you might walk with $85-$90k?

When I was doing diligence on our land they were a huge help, walked me through everything they would need and the types of folks I would need to speak with to get it done.

Walk the property and talk with the tenants. 

Order something from every bar, order something from every restaurant, make the waitresses work for you, tour the place- the restrooms- the kitchens- the back of the house and walk the entire outside of the building. 

Its 3- 5%  at best, which again is TERRIBLE, walk away from this deal.

We want to experiment with renting by rooms.Here are the pricing we set:Master 150 sq ft (private bathroom) $1100Room 2 120 sq ft (shared bathroom) $1000Room 3 100 sq ft (shared bathroom, 2 walk-in closets) $950Here are the pictures of the house:https://austin.craigslist.org/roo/d/austin-spacious-newly-re...We listed the house on Zillow, Craigslist, FB Marketplace, Roomster, Roomies, TurnoTenant (which broadcasted to over 10 other platforms), Avail, FB groups, etc.

He arrived, walked his dog and said didn't feel it was private enough.

Now, someone please walk me through this process, from downpayments to appraisals, inspections to attorneys, etc. 

Give him a call and he can walk you through the difference scenarios that may arise. 510-316-8078