Do you want to sacrifice space for convenience to downtown? 

Quote from @Caleb Rehg: Quote from @Will Gastonstonton: @Caleb Rehg This thread may be helpful: Nearing 1,000 College Students: Here's What I've Learned Sounds like you know what you are talking about in this space. 

How big is the space they are renting? 

I imagine there’s a different dynamic with tenants sharing common spaces, so I’d love to get your insights on how to manage this aspect effectively.Thanks for sharing your experience, looking forward to learning more!

That will allow you to build the additional legal space further amplifying the value of the proprety (more HELOC money). 

Perhaps I have an odd case but I paid $1.35M or $455 / sq ft for a 3,000 sq ft duplex on a 7,000 sq ft lot in Los Feliz.Once I add the ADU complex, which will be around $350K, it will be a quadplex, 4,600 sq ft of living space. 

@Grant Shipman Great stuff, I'm a big fan of co-living/rent by room strategy, and I do it here locally in Denver metro, and it is the best strategy in today's market for any house hacker to live for free or make money while living there, but they have to sacrifice personal space.

Now, with the ADU rules, developers are buying anything close with some extra space so there may only be scraps left that wouldn't pass FHA or would price you out.

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

Hello everyone,Imagine this topic would get more engagement in a Creative Financing space.