There are numerous reasons I would not waste my time with this property.  

If it turns out that things change in their life, I have a "friendly buy back program" where they get some of their Option fee back if they move peacefully. 

Is there a tipping point for number of roommates to house hack with before it interferes with quality of life/vacancy rate/price per room?

I consider myself reasonably educated, but could not for the life of me find that. 

I know it all depends where you invest but we are looking around a $200,000 budget to start with.It seems the cheaper properties equals cheaper rents so just trying to wrap my head around how to make this a positive cash flow without having to run numerous smaller units.ThanksJennifer

I’ve just finished reading Set for Life and it made my interest in real estate just get bigger!

@Samuel S.I've lived in the downriver area for most of my life. 

If it were up to me I would not buy the new house, but I am married and you know the saying, "Happy wife, happy life!"  

"Crushing It" by @Brian Murray, "Set for Life" by @Scott Trench, "How to Invest in Real Estate" by @Brandon Turner

Tried it very seriously a few years ago - given all the scamming that goes on in all aspects of life these days, it's massively difficult to get people to believe you're legit and to work with you.