Your contract is evidenced by the spreadsheet, payments, and likely other communication about the work.

I will be sure to be upfront on the lease about the guidelines and specifics like that including cleanliness expectations, late rules, eviction notices, communication, maintenance, etc.

Live in one unit and rent out the others to cover your mortgage.Seller Financing: Negotiate terms with the property seller where they act as the lender, often requiring a smaller down payment and bypassing traditional underwriting.Partnerships or Joint Ventures: Partner with an investor who provides the capital in exchange for a share of the property’s equity or income.Lease Options: Use a rent-to-own agreement, which allows you to control the property while saving for a formal purchase.BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat): Acquire a distressed property with short-term financing, rehab it to increase value, rent it out, and refinance to recoup your initial investment.Pro TipStay in close communication with your lender as you approach your next purchase.

Quote from @Katharina Bormann: I address the importance of clear communication in my book.It's not enough to tell them what is wrong.

The lack of communication is typical in this business and a reason why we opened and have done well. 

They are always on top of maintenance and communicating any issue regarding the property and they have streamlined the process so that it’s relatively easy and quick the purchase. 

It was early and I did not think my communication was very clear so I tried to delete the post but I guess it left your 'quote' in place.So to answer your question- Yes. 

Furnished Finder does make it tricky since you need separate profiles for each room, but platforms like Apartments.com or Airbnb might work better if you're aiming for full-house rentals or structured by-the-room arrangements.If you decide to rent to multiple individuals:Tenant Screening: Screen each tenant thoroughly to ensure they’re reliable and responsible.Clear Communication: Introduce potential tenants to one another Detailed Agreements: Use separate leases for each tenant and specify shared vs. private spaces, utilities, and maintenance responsibilities.House Rules: Create clear, written house rules to prevent misunderstandings.Inventory Tracking: Document everything in the home (furniture, appliances, etc.) to avoid disputes about damage or missing items.Also, market your property with its flexibility in mind—like proximity to hospitals for traveling nurses or universities for graduate students.

If you want to get the most out of your new Pro membership, add a photo, a bio, and some information in your profile so people know they are communicating with a real person.

Communicate with your lender if cash flow is tight.