Originally posted by @Eamonn McElroy:Relying on each owner to report, accurately, their share of rental activity on Schedule E, plus issuing 1098s to the parties not named in the mortgage would be more complicated and more prone to error, especially if it's being undertaken in a DIY manner..One owner creates a Schedule E, and the other 2 simply copy it.

Coat will be around $1500 to attempt to retrieve $4300.

And, if you attempt to utilize the land and are not a favored national, they will find ways to make things very difficult for you.

For example, if you need to renovate the kitchen, you simply pick the style of kitchen you wanted, input the sq ft data, and the tool would then create an estimate,  a scope of work to present to the contractors, and an order list which you can import into homedopt/lowes to order the materials.I have been a PM for a GC for close to 7 years, so I understand estimator tools.

David,I would simply present the offer to have a new lease drawn up.

I would love to bend anyone's ear that can offer insight, or simply follow along with another "newb" as we begin this endeavor.Happy New Year!

For example: when a one year contract is over and I wish to not renew with the tenant can I simply just tell them or do I need an eviction?

I saw a rant on FB today against landlords (RE Oregon's rent control) and all I could think of is how many people simply can't or don't want to buy a house.

I want to attempt house hacking.

For obvious reasons you wouldn't want to deal with an individual who is attempting to circumvent these laws & regulations.