Hey friends and colleagues,I was told by an "experienced" lawyer, that if I really want to lease my single family house to 3 individuals (who are not related), I could sign once master lease and include all of them.

I am partnered with an individual (not related) and he has the note in his name and we both hold title.

We have private loans with all types of individuals ranging from 3%-9% all backed by real estate.

So I think there are some bottom-line returns, but hard to quantify any individual little thing you do..

A couple times I have rented individual rooms like you're describing, so I can share my experience.

@Dominika M I'll preface all of this response with the acknowledgement that I am neither an accountant nor solicitor and with the encouragement that you seek your own council with such individuals before engaging in international business.

Have another entity as the lender and partner individually or as another entity.

So is there a tax advantage for having a house I'm renting now as an individual and not as a corporation and Business?

I used to invest in stocks ( still own some) Individual stocks I believe to be more speculative vs a Mutual fund or a index fund (which fools advocate) I prefer something tangible and something I have "Some" control over that is why I like real estate.I agree, they seem to assume zero learning.

My advice would be to continue doing what you're doing now, and just continue to surround yourself around individuals who are doing what you want to do and who are good at it.