I have been trying to get more information about rooming houses as a friend of mine lived in one for a while. You need to be very careful of the type of people that you rent out to – there are many drug addicts, ex-cons etc..
However, as I have been attempting to do the sums, it’s sounding like a really good idea – esp. for positive cash flow. Would like to hear your thoughts on that.
I guess you just have to be careful with costs of electricity, gas, water etc.., set up firm house rules.
Would love to hear how you are doing.
Patricia
