Hello All,I have found a few posts on this topic but still hoping for a bit of clarification in regard to this specific situation.I currently have a tenant that is wanting his good friend who is ill to move in with him so that he can take care of him.

You're offering them a 5% interest for 100% liability on the debt!

As a lender, I'm always looking to understand the market better.

The house has a bit of potential for rental as house Hack as we are planning to live in the upper part and rent the basement.My questions is, is that possible to convert the basement into 1Bed 1Bath, with over in the kitchen and shower?

Originally drafted to prevent landlords from using security deposits for cleaning or repairs, the bill was amended after opposition from the California Apartment Association (CAA).Landlords will now need to photograph rental units before tenants move in, at the end of the lease, and after repairs or cleaning.

@Angel PengI have dealt with this in the past by first checking the lease, and if it is now month to month, I will give them notice that I am terminating the lease in, say, 60 days.

If the rental income significantly exceeds this amount, the investment may be profitable.

In the real estate industry, brand awarenessand lead generation serve different but complementary purposes, each targeting distinct aspects of business growth.

I suggest you read Short Term Rental, Long Term Wealth, published by Bigger Pockets and then join the Facebook group by the same name.  

I found it a great place to invest in because of it's location to major cities and the quality of life, especially with all the coastal towns along the shoreline which creates high demand and high rents.