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Forgot to add
2 out of the four renters are people I know. My best friend since pre school and his gf want to rent out a room. They even mentioned paying double the rent pending my best friend gets this new job so he can have an office and his own bathroom.
The other renter will be my gf's cousin. She is really mellow. I am trying to get one more friend in. That would be ideal. The house has a 3 car garage and the driveway is wide enough for 4 cars. Pretty sure everyone will have a spot.
Before considering buying this house I had to exercise EXTREME financial discipline to pay off huge credit card debt (totally crazy story) and work hard enough to afford double the house payment in a worst case scenario. Even if my renters flake out, I have enough to comfortably pay the bills.
I live in an apartment complex that seems to get crappier by the week (think gardnersn using leaf blowers in a covered parking lot and blowing s rock into your windshield) and costs $1000 a month. To give up some personal space to have a $0 a month housing expense...... I can start modding my car like MAD.
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