Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I could be wrong though..

Anyone would consider a nice finished room with great natural light a bedroom, but in the off chance the tenant doesn’t pay rent then I would be in the wrong for letting he/she live there in the first place.

Best part about real estate there is no wrong answer, house hacking or not there is always a way to make it work.  

Fred and Tracey you can't go wrong with.

They were 100% right...but called it on the wrong asset so far. 

Maybe I’m wrong, but I doubt it.Again, I don't comprehend your ignorance level on some of this stuff as it is not top secret stuff, it's common knowledge for most brokers.... 

Quote from @Alan Hale: Is my modeling wrong?

In experienced folks talk with about these topics and it gives the wrong impression.

When distributions pause, what went wrong and what is the plan.