Each roommate is on a separate Rental Agreement.I asked a similar question before and only had 1 question vs a suggestion, which I still appreciated.

I listened to a real estate audiobook where the author did something similar - he was in an owner financing contract and if I recall correctly, he signed a separate agreement with another individual so that their payments covered his monthly payments.Really appreciate any feedback on this idea.

If each building is separated by an LLC for each then if something was to happen personally they can't go after you building since it isn't in your name.

You need to separate yourself from everyone else out there to gain the advantage.

Your daily life will be much different when living with other people.Personally, I think if you have a wife and kids, and can afford a $790,000 House, house-hacking a SFH is out of the question.I think the story would be different if you had a multi-unit house and there is clear separation between you and the tenants.If you want to bring taxes into the question, you have to report rental income regardless if you rent the whole house or a part of it.Your are entitled to deductions to offset the rental income.Most likely, won't pay tax since the depreciation on a high cost property would eat most of the income.Best of luck.

I would also focus on some type of capital account (again totally separate) where you can direct deposit a small percentage of funds in every month to help build it up. 

Which is why I stated one would need to REFINANCE (and pay off the FHA loan) prior to getting a separate FHA loan....

Generally the intent of that would be for actual fire or major flooding, roof or floor collapse, or similar dramatic incident.Turnovers are a separate issue, and we always coordinate closely with the Owner depending on the level of work needed.

Our Broker put us in contact with a local lender who could help us structure a deal for the 4 properties with two separate sellers under 1 loan.

It doesn't appear to be a separate mailing address.Any zoning issues?