When househacking and renting out individual rooms, how does one go about collecting rent?

Here are the amenities they are currently thinking of providing to travelers:Shared refrigerator spaceShared dishes / dinnerwareComplementary Keurig coffeeComplementary breakfast cereal (possibly eggs)Shower towels w/complementary soap + shampooHigh speed internetA table with the capacity for 5 to 8 chairs so business traveler guests can do some work in the house if they need to (there's not enough room in the bedrooms for individual desks unless)Is there anything you would omit or add to the above list?

I create Blue Estate LLC ( manager managed by me ) and Blue Estate Equity Fund I LLC which holds title to the 10 unit apartment building ( manager managed by Blue Estate LLC )Syndication fees are 1% asset management fee of total capital raised paid each your to Blue Estate LLC, 1% of purchase price paid to Blue Estate LLC and 1% of sale price paid to Blue Estate LLC. 70/30 profit split with 30% to me as an individual and 70% to investors. 6% preferred return.The purchase price is $1m I put that $250k raised from investors.

The presence of an individual residing on the premises who is not a signatory on this lease agreement, or who has not been approved in writing by the Lessor, will be sufficient grounds for termination of this agreement.

Helton thanks for the advice, I'm mainly looking for LLC formation and then transfer of title from individual to LLC, tenant contract legal review.

Yes, this does present the challenge of both individuals needing to be able to qualify for a loan on their own, but it’s a great way to do it.

How can I go about finding such a person for individuals / small-time real estate investors?

My wife has several clients that will build on land and I myself may be interested, but it all depends on where it is located and what the individual parcels are like.

As far as fair goes, that depends on your individual perspective.

This is more of a mutual fund power play than a strategy for an individual investor.