@Allison Adams just wanted to add that any time you’re repair/replacing something like this think about “hardening” your unit … whatever you choose to do, make sure solution leads to less hassle in the future.

The kids did a presentation and what I remember was don it only shown your kids the dirty, hard work side of investing and then wonder why they don’t choose it.I have a 22 and 23 yo now.

We don't discriminate against the source of income - it's illegal but we can choose to work with these tenants or not.There is extra inspection every year, there are other inconveniences.If it's a protected class in their city or county - you can't mention in your add but you can set up your criteria, for example, amount if income.I have 3-4 rents income requirement depending on the credit.

Choose the investment with the least opportunity cost.

I also ask for referrals, I do not just choose the first one I see that has a handful of five star reviews.Tenants: As long as your screening criteria is where you want it to be (my preference is rather high), your lease agreements are rather air tight, and you keep an open line of straight forward and honest communication you should not have too many issues with your tenants.

We probably could cash flow if we rented rooms and after raising rents on our ADU tenants, but choosing not to.4.

Some people want this added separation, some don't since an LLC can still be "pierced" in court so they choose to protect themselves with correct liability insurance instead.

With regard to who you choose, that is totally down to personal preference.

Choose what kind of difficulty you are prepared to take and go for it! 

The has never been a trip charge unless you choose not to do a repair.