You should consult a lawyer to completely understand your responsibilities and your liabilities as they are magnified when renting room by room.  

I had 2 properties on my list of potential after final discussions yesterday I have spoke to the owners of each property as well as their agents.

You want enough so that a potential law suit would go away if the insurance paid out.Best thing is to highly maintain your property and treat guests with respect so that no one would ever want to sue you.

The one negative is with multiple tenants in a house is potential for conflict among each other but could be reduced by screening all of them well. 

I'd note you're most likely going to do the whole process over again, so don't be surprised if your lawyer doesn't accept your 14 day notice and will send their own.

I did a rough calculation that converting the garage into a 460sq/f studio ADU can potentially make the house profitable as a rental, $1800/month estimate.

I’m also networking with investors, lenders, and other professionals who align with my mission of creating opportunities for future investors and helping others gain education in real estate.If you have experience with:✅ Finding off-market deals✅ Creative financing strategies✅ Scaling from single-family to multifamily✅ Investing in South Carolina real estateI’d love to connect, learn, and potentially collaborate.Let’s build together!

Quote from @William Fuller: When deciding to potentially acquire a piece of land that a wholesaler has under contract, what information do you need about the land or parcel?

Hi everyone!Through the help of many on here, I have made a lot of progress since joining about a year ago.  I've finally found a property that could be a good fit for my primary residence- if I can get a good price o...

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.