Quote:
Originally Posted by O-cha
Rental income is taxed, so no you wont be making a profit, you'll be covering your mortgage.
Also keep in mind there are numerous laws that your house ISN'T going to meet to be able to legally rent.
I have a 3200sqft house with 3 bedrooms, I can't imagine how small the bedrooms are @5.
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usually when you rent a room, it's done as cash.
Also, 5 BR in 3k is normal, at least over here.
And it's not all too bad. It really depends on the layout of the house