They are usually fine with it but if you do it without permission they may choose to foreclose-If you are in a home owners' association or similar then you may not be permitted to rent out a room (unsure what legal action they could take against you)-You must inform your home insurer and change to the right kind of insurance.

John Rubino what kind of property management fees do you deem reasonable for the charlotte area?

Good Day,It is my pleasure to contact you and I will be glad to have your kind response.

Those are the kind of deals I look for.

What kind of marketing is most effective?

Also, what kind of exit strategy should I be looking at?

I know few successful business people who don't have some kind of formal business plan.

Feel free to ask questions, everyone here is too kind and generous in their sharing of experience and knowledge.Best wishes on your goals.

Any idea what kind of investing you wanna do in your future for REI?

A bad one will kill your investment and your sanity.Do you know what kinds of things you want in a manager to be able to interview more thoroughly?