As many experts in the field have said, it often takes the work and corporation of a number of different individuals working together for a deal to be successful.

@Jack CallinanBe mindful that owning a house-hack with more than one person(who is not a spouse) does add a lot of complexities to your return.First, since it is owned as tenants in common by two individuals that are non-spouses, you would each need to report the activity on your return.2nd, it is a house-hack - House hacking makes your tax situation more complex.You purchased a property that is treated as both an investment property and a personal residence.

As many experts in the field have said, it often takes the work and corporation of a number of different individuals working together for a deal to be successful.

You should definitely charge those in case the individual shows up to pay what they owe.

Probably no worse than renting to RE agents.A good lease states whether security deposit is to be returned as a check to one tenant, or sent individually to each tenant.This case is also a lesson in sticking by policies and not doing tenants "favors" like allowing them to break leases without consequence.

When you’ve identified individual properties that you’re considering...run the address through niche.com for valuable insight and local info.

I don't like word-of-mouth referrals because the individual shows up to apply and usually doesn't know that we're planning to increase rent or make other changes that didn't apply to the previous tenant.

We did discuss and decide that everyone needs to create their own individual LLCs that will then be part owner of the multi-member LLC for the flip property.

This meeting will be an introduction point for all who choose to attend and will serve as preparation for what our groups purpose is, what we want to achieve as a group and as individuals and really start to converge as a strong community in order for us to excel in business and in life.Come prepared to share a brief summary of who you are!

.- If its a single meter, can I change this to individually metered?