I would rent out the house as roommates -- you just choose to stay in your level of the house while they stay in their level.  

My goals are to buy properties in safe neighborhoods with solid tenants.

So, it says to choose other and write in Disregarded Entity when declaring the type of entity.SO, my question is this.  

Haven't decided yet if income replacement is a goal, but having the option would sure be nice!

While I'm okay with the idea of having a mortgage again, I'm struggling to choose between and 15- or 30-year term. 

My goal with Real Estate is to have a large portfolio of properties generating income while still working my regular job.

I need to find out what a fair rate for the property should be, so I'm tempted to call in a broker, but I don't want to pay a commission for what might be a very easy deal.I figured I'm not the first guy in this situation, so I thought I would post the question here and see how others have approached this situation.Of course, if the tenant chooses not to renew, then I have a whole new set of questions: should I sell this property and try to roll over into a new 1031 exchange - or should I keep this property and try to fill it with a new tenant?

The goals is to flip houses but also create a portfolio of rental properties.

And they could certainly choose to keep the money and sell you the property for a reduced price.

They can choose to start the lease at the earlier date or I will lease it to the new applicant.