In addition, older sellers like getting a down payment and receiving the mortgage payment as their income.  

There is extra sleeping in the twin-sized daybed in the foyer area or on the comfortable sleeper sofa in the living room.

I would add them as additional occupants. 

She handles acquisitions, renovations, and rentals for the company and has flipped around 15 properties to date.Financial Situation:Cash Available for Investment: $200kEquity: Willing to tap into the equity in our two rental properties for additional purchases.Income: ~$250kOur Plan and Questions:We're based in NC but are considering purchasing multi-family homes in the Midwest due to significantly lower property prices and perceived better cash flow opportunities.

However, few realize that the high cost of housing and related expenses may bring them back to shared living arrangements in the future.Is this a good thing for individuals and society?

Are there addition conditions I should consider if I do lease to them?

But in order to do this, I'd need to take on an additional $70K in debt to finance the basement rehab effort.

That’s great, I also live in Leesburg and new to REI.

Tough in California of course, but I would wait until you find an area where you can live and house hack.

There are people who live in rent stabilized units for 40-50 years and have a current rent of $600-$700 when the average rent may be $3000.