I would focus on the liability side of insurance and you may even get supplemental umbrella insurance to safeguard your liability. - Yes, you should do your own background verification of the Tenant, do no rely on ANY background verification, credit reports, etc. provided to you by the Tenant directly or a background verification conducted by another company with no connection to you - different companies focus on different things when conducting verifications - you will be focused on qualifying this person for housing not a new job, which is completely different. - For furniture/other items: Make an inventory list and have the Tenant sign it before moving in.- Yes, you should include all these items in the Lease; You should not accept anything less than a one (1) month deposit, it is your security.

Supplement that with rental income from properties as is, which is about 24K a year cash flow.OR....

I prefer to work for myself, so my primary income source is a small business that I own, and to supplement that I have a W2 job part time. 

I had an acquaintance ask me if I could have my GC who worked on my home, do work for him, and that made me wonder if that is something I could do to supplement my income.

Hello BiggerPockets Community,My college roommate and I recently decided to invest in rental properties as a source of supplemental income and hope to grow expand our portfolio over the next 20-30 years.We are looking for an accountant in West Virginia that specializes in real estate to help us set up an LLC, file taxes, and a few other things.

BP is great and I would encourage you to continue to use it to supplement your learning curve.

I currently have my own website as well as a Facebook page to supplement my marketing coming from Evolve/VRBO/AirBNB.  

If you don't want to scale and just want a few properties to supplement your lifestyle then good for you! 

Investing in rental income is not their priority they simply view the rent as a supplement to enable them to hold the property more cost effectively.

Yes, I know you don't own the house but hey you got 2 rentals now that supplement your income.