Thanks for sparing us floors 2 and 3.

My plan is to rent out spare bedrooms from the townhome/ single family creating a total of 2K of cash flow minimum so i would need to cover the remaining 1K per month.

That said, they do need to be used sparingly and can easily become annoying.

A few years back, a recent make-a-billion-in-your-spare-time graduate dude was pimping a pre-foreclosure, not knowing there was a second and a mechanic's lien... and believing what the seller fed him.

I rent out my spare bedrooms and it allows to increase my rental income by about 25%

I own a house in Idaho and rent my spare rooms.

I have 2 questions regarding LLC's, and I can't find the answer on Google or BP.1) I rent the spare bedrooms out of my personal residence.

If you even for a moment think that you're going to get into self-managed landlording successfully with very little investment capital to spare and also with your spouse's not being 100% on board, you're deluded.

I don't know how much spare time you have between kids and your career but try to find time to listen to a few podcasts relevant to the strategy you're planning to use.

You don’t need to use a turnkey compact to buy a turnkey product!