It would be a live in rental.I would have one bedroom to myself with access to the common areas.

They are too much of a gimmick and most tenants prefer to have the bottom-line expenses.

Ensure you account for expenses like maintenance, vacancy, or capital expenditures.

What adds complexity to our plan, is that we live in Minnesota.

Right now I have two properties live.

I currently live in a 1000 sqft home that we pay a mortgage on.

You track all of your expenses the same way irrespective of profitability. 

As I build my career as an agent, I’m also passionate about real estate investing, specifically with a goal of purchasing multi-family, buy-and-hold properties where I can live in one unit and rent out the others.I’m here to network, learn from experienced investors, and contribute to the community.

Here's a little background on Tenant situation...has 2 or 3 young kids, an adult sister, an aunt with her male friend and the lessee has a male friend, that all appears to live in the apartment but aren't on the lease.

If I live a busy life and don't have the time or care to invest on my own, but want to put, lets say $200k to work, is a 15% cash flow return reasonable?