This could range based on how much risk and work you're taking on versus their financial input.The key is to be clear and transparent about expectations, like how profits will be split and who is responsible for what.

In retrospect, I wish I had been a bit more patient and pursued a multi-family option to take advantage of house hacking.As a newcomer to this field, I’ve been following the BiggerPockets forums and podcast for quite some time now.

Hello @Jay Moore Renting out a room can be an excellent way to bring in some extra money, but I’ve found that there are a few key steps you’ll want to follow to make the process smooth and successful. 1.

Some resources I've been using to educate myself so far are:-The Bigger Pockets podcast: I am on episode 11 of it on Spotify, it has been a great resource so far, touching upon many key parts of real estate investment. 

One of the keys I've found is focusing on neighborhoods that are on the upswing—places with signs of revitalization where you can still get affordable properties.In Memphis, I'd imagine a similar strategy would work.

Financing will be key, and choosing the right mortgage is crucial, an FHA loan or something similar could be a good fit.

Building strong relationships with lenders is key working with local banks or credit unions that understand the market can give you an edge.

Investors often wonder which cities are poised for growth and offer strong rental demand, as well as how to navigate financing options in today’s economic climate.Another key concern is how to manage properties from afar, particularly if you're considering out-of-state or even international investing.

A key thing is what happens if the market stays flat or dips slightly over the next few years.

I do agree some rents versus house prices can be difficult, but being creative is key...