They recommend owners to refinance it as a normal house (4 bed 2 bath).

When the tenant leaves or there is an eviction, you will be stuck footing all the bills with a low likelihood of recovering it.

It's a great way to get your foot in the door in your local market and offset your mortgage while building equity. 

Would love to talk more about what it is specifically you are looking for because 50k is normally the minimum I recommend so you could definitely make something work.

- You can rent out the bedroom you would normally occupy.- Most cities do NOT care if an owner lives in basement, but will not allow a tenant to unless baement has legal egress window.3) Check local statutes if any limitations on how many unrelated roommates are allowed.4) Check with local building dept to see if rental inspections and corresponding requirements.5) Local statutes allow locks on bedroom doors?

It's normally the desire for immediate income that steers most investors towards bad investments because they are hyper focused on cash flow which is often portrayed differently in spreadsheets than in real life, and should be a consideration but not deciding factor.

I haven't done much digging since this is normally a show stopper.

My kids went through this around the same age and still have an interest.Teach him financial literacy and include him in what you are normally doing.

Husband and I have a 1100 square foot home we are trying to sell.

Is that normal?