I also rent out one of the rooms in my unit.  

I'd go with neutral only if the colors you chose in specific rooms were very eclectic, difficult to match to a wide range of furniture, and might be  a turnoff to a wide range of renters tastes.

I started out with buying a couple 2 Bedroom 1 Bath rent houses for 45 & 55 Grand. 20% down on each using my primary residence equity as collateral.

I know as I'm currently replacing a floor in my rentals kitchen, dining room and living room.

I learned a lot from courses way more than $197.00 bumping a couple grand each. 

Additionally, we use a third party to run the laundry room and I am told that they do very well money wise. 

Make sure you are not purchasing the nicest home on the street, this is a huge red flag you will over pay and or leave no room for increased values. 4.

Regarding roommate income, when your roommates pay to live in your own home (as opposed to splitting the cost of an apartment), you are required to report that income on your tax return.Renting rooms in your own home is akin to living in a duplex or triplex, but sharing common areas.

Depending on how much natural light the interiors for each room gets and the environment.

I would also like to own boarding homes so that people can rent rooms from me.I came to Bigger Pockets after I was researching Success Path.