I got into the housing market last year when I co-purchased a house with someone. In the last year the market value of the house has risen and things seemed to be ok.
Now, the co-owner has decided to f*** off to western ON (good luck buddy) with his newfound family and he's leaving me with (essentially) half a house. I can't afford to pay for a 5 bedroom house on my own with still having car and motorcycle payments every month.
So...I think I need to rent out part of my house. I used to rent for years before owning this home and I am pretty sure it would be a better idea to still deal with renters (becoming a landlord) and have that income rather than bail out and sell the house, right?
Anyone here rent out part of their home/property? If so, any tips, ideas etc???