Quote from @Delfin Fernandez: I own a house that i rent in Miami dade florida.My tenant wants to get a dog.

We live well, have a nice house which I built from the ground up and saved 200k off the top. 

.: Getting quotes for the house I'm closing on in April and wondering what to how with for coverage limit and umbrella.

Their advantages include house hacking which includes better finance options and hustle.My last purchase was so large cash negative that the rents were $3k less than PITI.  

Purchase price: $499,990 5 bed 3 bath split level house in Hyattsville, 1875 sq ft

If you treat the renter (resident) well, provide a well-kept home that you service regularly, and stay on top of any maintenance issues, a resident will likely remain in the house for many years. 

No taxes, she got to keep the house and no stress about income.

You are missing my point on taxes.Scenario 1:  Your partner buys the house at the same time you put your cash in.  

For example, at the start, do you confirm if all persons in the house are aware of your presence, and do you ask if it is OK for you to open bedroom, bathroom and closet doors?

My name is James Ive been listening to BiggerPockets for a few years. bought my first house in North Port fl 3 years ago!