@Taahir Shaikh The only real benefit I can see to this strategy is that when you go to sell it you will have a more likely pool of buyers who want to live in the house as opposed to investors who want to rent the house and will not pay as much for it.

When you start with the end in mind, you have the advantage to look for a repeatable business model as opposed to what most noobs do: looking for unicorn as their first deal.

Don't borrow worry...you don't have a problem yet.That makes sense... honestly, that's a good point and something I'm considering - my issue is that would make signing a lease rather pointless as a tenant could just break it whenever they want without consequence.However, youare correct, I don't have a problem yet... the problem is that this lack of communication is night-and-day as opposed to before.

Keep in mind that "funds" are unsecured loans with 0 security as opposed to trust deeds which are secured by real estate. 

As opposed to it sitting somewhere waiting for closing.I am going to remain living in the home until mid 2025.

I’m not opposed to section 8 one of my tenants is section 8 and she’s been great, I just wouldn’t want to be in an area where that’s my only tenant base, because your rate kind of ends up being set by hud & not the market.

As opposed to having 10 houses losing money every month with the chance at 5 to 8% appreciation (or more). 

Not opposed to fees that are to compensate for labor but many are HUGE profit centers and then not in alignment with investors.

My question is what exactly allows you to charge on a per room basis as opposed to renting the house as a whole unit?

If co-owner, can it be considered a Qualified Joint Venture and therefore simply file two appropriately divided Schedule C’s, as opposed to having to files taxes as a partnership and deal with filing as a partnership and filing Form K1(as Dmimetry suggested)?