My goal is to achieve financial freedom by age 36 and to understand various aspects such as investing education, strategies, business planning, properties, marketing, and exit strategies.

Either can work, or either can be a huge pain, but that's the reality of common area ownerships.I've worked on some small 2-3 unit condos like this doing the condo plans and the CC&Rs have always included provisions for financials, budget etc. as well as dispute resolution.

Lenders Account for Your Real Estate Liabilities, Even If Not Listed on the REO ScheduleThe vast majority of DSCR loans are personally guaranteed, they will still be noted in your overall financial picture, and lenders will factor in these obligations when calculating your true cash flow and risk profile.Even if the title of a property is in the name of an LLC and the property is not listed on the Real Estate Owned (REO) schedule of your personal loan application, lenders will still account for any personal liability associated with the loan.

Housing Authority's also verify their assets, and family composition to ensure that only those who genuinely need financial help are granted vouchers, but they do not assess whether the family will be good tenants.Suitability: The Landlord’s RoleThe Housing Authority’s involvement does not extend to assessing the suitability of the Section 8 family.

Prioritize your financial stability.

A background check can uncover criminal history, past evictions, judgments, or liens, which could indicate issues beyond just financial stability.Even if rent payments are guaranteed, the applicant will still be living in your property, so knowing their rental history and overall reliability is just as important.

************************************"As home prices climbed, the Federal Housing Administration insured more loans to financially stretched borrowers with as little as 3.5% down.

Multiple streams of income are key to financial freedom.

Quote from @Magnus Wikström: Hi James,I'm a foreign investor with a background in the European real estate finance industry, mostly for institutional sized deals, debt & equity / JV.I was overwhelmed by arriving to the US financial landscape and the opportunity it provides.

If you allow him to live there without being financially responsible, you will tacitly yield tenants' rights to him, but without any obligation on his part.