The easiest way appears to be buying a house with 5 or 6 bedrooms and renting by the room.

I recently acquired a nonperforming note, to which I learned that the water has been shut off for a year and a half.

Portfolio:A duplex in Oklahoma city - 100% occupiedA half-duplex in Oklahoma city - 100% occupied for more than 1% ruleAn SFR in Casper, WY - occupied by family at a good rate with very little vacancy riskA townhome in Anaheim Hills, CA 3BR/3BA that has been our primary residenceWe just received an offer to move to the Denver area where my company's second largest office resides.

I'll collect the rent from the units, including him, keep the cash flow for a year, and then maybe have him buy me out in a year buy paying my down payment or by paying half the down payment and splitting the cash flow in half.

Purchase price: $235,000 Cash invested: $2,000 Contributors: Michelle Marie Spearman This property is an unconventional duplex that my wife and I house hacked for a year and a half.

IMO, the easiest thing to do would be househacking during a busy tour. 

.*  Wife cannot refinance and pull out my half of equity because she is self-employed and W-2's minimal income.Obviously, the cleanest and safest route (for my half of the equity) is to force sell of the home.

@Jacquelyn Dockery,I'm sorry, but I half disagree with all the nay-sayers above.

I tend to buy in the Southern half of the US for 2 reasons:1) you get much higher year-round occupancy rates in the South & it’s simply tough to earn a good ROI in the North if your place sits vacant for a big chunk of the year2) Culturally, the Southern half of the US seems to be a lot more accepting of STRs regulation-wise.

Probably the easiest/most accurate way of doing it.