For the past 6 months I have been addicted to using my spare time to figure out how I can get rich and receive passive income.

My goal was to rent out my spare rooms on a month to month lease.

I would do the same due diligence as any regular tenant: income and credit check, and if your area is a competitive rental market I would check references from previous landlords.I used a lot of roommate finder websites like craigslist, roomster, spare room, just to get a sense of prices with relationship to amenities (parking etc, shared or private bath, etc).

I wouldnt buy a SFR or Duplex in El Monte to cashflow negative still when this more than pays my rent every month plus cashflow to spare.  

Live as cheap as you can starting out and throw every available spare dollar into investments.

currently the down unit is covering all expenses sparing nothing goes wrong. 

And maybe most importantly, I don't have a lot of spare time.

With the current economy, I'm not sure that Mountain America is currently doing the 10% down conventional loan, but it's at least worth researching.If you bought your 363k property at 10% down, you would have just under $50k left to spare.

This is way more compact and organized.

I am renovating a spare bathroom and I am trying to decide if installing tile in the tub area will be worth the extra costs.