Yes, you do get income on the other side, but the prices have bumped up so with interest rates and less inventory to buy, the net income is much less than a few years ago.You can still do it, you just have to factor that in and expect negative cash flow while you live there and then see how good it will be when you leave in a year and do it again.

Jay, when we were looking at it a few years ago in a secondary market (this is where we specialize), the EV penetration was not that high.

I’m taking my Real Estate License exam in a few weeks, so this is super helpful—appreciate it!

So I would want a lease that says something like they voluntary relinquish the lease if no monthly payment made for a year or the sign hasn't been changed in a year. 

move out and turn it entirely into a rental.as i say in what seems like every post on BP right now, we are not in a 'cash flow' market with prices and rates high. 

Likely that she will not be in a good headspace upon leaving, and we don't want her taking her frustrations out on your property! 

Anyone with a pulse can buy a section 8 property in a lower tier neighborhood and there’s always abundant inventory.

@Deal H. that is great to hear you are in a position to make your first investment into real estate. 

We were fortunate to make a nice little return and their $500 turned into $750 in a matter of 6 months.

Hadn’t bought my first property yet at that point.I ended up breaking contract because of the roof but the short answer is that if you are going to rent a room in a basement it needs to have egress.