Some insurance companies offer policies specifically designed for owner-occupied multifamily properties, so it’s worth asking about that option.The key is ensuring both your personal residence and the rental unit are adequately covered.

How much will depend on how well their processes are designed.

The house is 3/1, and about 1200 sqft in the living space though, so pretty quick interior wise. 

Furthermore, you will have some passive activity loss limitations to deal with, presuming that you do not qualify for the "Real Estate Professional" designation in the next two months.

But having a sleek cover design helps attract business.

I've already renovated one of the bathrooms, and I’m planning to paint the interior, update the kitchen cabinets, possibly sand the wood floors, build a fence is a corner lot and increase the rent for the room since my tenant is currently renting the entire 3-bedroom, 2-bathroom house for $800 a month.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Thanks, Kwanza Contract grade furniture is designed to sturdier while still being fashionable.

They partnered with an experienced realtor who handled most of the contractor coordination while they focused on financing and design decisions..

You probably don't need to change your interior design or furniture, and you already have the pots/pans/dishes and amenities needed to drop in a student or a traveling tradesman.