I live in my own primary residence and that is fully paid off. 

Hi @Rachelle BertumenI live and work in the Truckee/Lake Tahoe area and personally own two long-term multifamily units in Reno.

Hey Phil,I live here in Memphis and can say from experience that Tennessee makes it easy to setup an Llc. 

I think this arrangement can suit both parties, he wasnt going to be able to keep the house but can still live there for super cheap.

Are there any specific clauses I should include in a room-by-room lease for a shared living space?

Real estate investing has been a passion of mine for time with my mother also having invested early on where I likely have gotten the love and desire to follow similar foot steps.I have taken last 6 months to educate myself and currently own a single family home as primary residence and would like to expand to multi family properties (2-4 units) for additional stream of income, not to mention potential tax benefits for long-term investing.Based on current living situation, I have a fair amount of equity established in my primary residency along with having enough cash to either pay off house completely or use towards investing in a multi family property.Given that I'm the sole source of income for our household with my wife being the home maker for our two kids under 2, trying to weigh out risks with getting started now or perhaps waiting. 

You'd be surprised to learn that someone living in a rental or apartment, that has a family and is a successful small businessman, has the money and is willing to take that deal.

My mom lives in a nice house that she has paid off.

Hello Meir,I live and invest in Birmingham area, please DM to connect!

My name is Montse, I’m originally from Spain, and I currently live in the Netherlands.