Since it is a family member and I would potentially buy the property for under market value.

Investment Info:Single-family residence buy & hold investment.

. $50 per bedroom, so a 4-bedroom house will cost you about $150~200consumables - bathroom supplies, kitchen supplies, beverage supplies: $20~30 per week, depending on how much you providewear and tear - towels, linen, kitchen utensils, some furniture: $1000~2000 per yearRepairs/replacement for things that guests break or steal:  $1000~2000 per yearAlso, if your personal use is less than 14 days a year, the entire property's expense is deductible against STR income, but if you use more than 14 days, then you will have to calculate the proportion of how many days it's rented out vs how many days you or your family uses. 

Generally, there are some programs for foreign nationals that are 25% for a single family rental and 30% for a 2-4 unit.  

People will sleep on it if it is decent and allows them to stay with the family.

Family husband and wife with kids.

Investment Info:Single-family residence fix & flip investment in Indianapolis.

It’s also worth considering a multi-family property for your first deal since it can help with cash flow.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

We have a single-family residence we own and have lived in for a number of years.