Hello guys , I’m new to the house hacking method , and I got some questions hope you guys can answer some of them , I have a 3 be 2 ba SFH and I want to rent the 2 extra rooms , but I don’t know if I gotta have my future roommates sing a lease ?

I am currently renting, but looking to buy a multifamily and househack to get started in REI.Currently I have 1 checking and 1 savings account through my main bank, and 1 savings account in a high interest savings online bank (where I keep the money I plan on paying for my home purchase costs).I am wondering what the best method is for banking/accounting for a rental property.

I have had several businesses since then, but that first one was my favorite.

I’ve listen to hours of my favorite Arthur Brandon Turner on house hacking and turn key rental and the brrrr strategy.

My favorite business book: Thinking in Bets by Annie DukeMy favorite real estate related book: The Book on Estimating Rehab Costs, J ScottMy hobbies & interests: Reading, writing, learning, HIMYM, Parks & Rec, New Girl, cocktail bars, museums, botanical gardensWhere people can find out more about me: I’m not a heavy user of social media, but responsive to email and LinkedIn and messages here.Looking forward to connecting!

My favorite seller is a retiring REI that has 100% equity. 

Not a true BRRR I suppose but It’s my favorite way 

But for a vacant house, I can see these methods working quite well!

They'll expect you, their favorite contractor, to run over and get it taken care of, and serve as their handyman because they need someone licensed to sign off on it, and give them a receipt for work done.

We have found properties that we are interested in using the the BRRRR method but we have some issues....1.)