I have been renting out a couple of rooms in my home. Does anyone have guidelines on what the rent amount should be? I am currently renting at market value, but only at 1 percent of the gross purchase price (not inc...

I assume you mean direct real estate other than primary residence. 47.

Not all that often.Look at your primary residence and work it out.Originally posted by "goodvalley":I like the idea of using a property manager if even for the first year only, to let them deal with client screening.

Guess the Noobie title will stick for a while until I figure it all out.BackgroundI reside in Palm Beach County, Florida and a former NY'er.

Hey there Phil,Welcome to the biggerpockets community club and I do hope you enjoy all of forums and there discussions that reside within.

Our current primary residence was a fixer when we bought it.

The following thread is going to be me asking questions pertaining to an LLC and the state that I reside in!

I am from San Diego :cry: currently residing in denver!

We were going to purchase it as our primary residence and rehab it, because of the somewhat blank canvas we would have to work with and also to gain rehab experience.

You might want to read the Police/Fireman call public records for home fires, theft, or other incidents that might make a resident want to sell short.