I’d definitely ask a lawyer before signing letters or paperwork

I will definitely look up the alerts and users! 

Was planning on renting out all 3 bedrooms to tenants at 700/800/month in my area which is a definite Class B/30 something year olds type area.Will that no longer be viable? 

@Mark Doty I don't know if I have a definitive answer to your question, but if I were in your shoes I would start this journey by focusing on the lender relationship.

I work full-time and my wife stays home with our three kiddos so the idea is to be able to do things on our own time, make offers, check out properties, etc.Local REIA meet-ups are definitely on the immediate to-do list.

I will definitely be picking your brain, if that's cool.   

@Tim Swierczek Thanks for the note, and I will definitely message you as we get closer to figuring out more details.   

I would definitely recommend screening any roommate the same you would as a tenant that would be renting your place if you weren't there.

These guys have been putting out some great information and I would definitely encourage you to check that one out.

Lease with option to purchase is definitely the better way to go; however, you should have a real estate attorney help you with the terms.