If you have a property needing an occupant, you might get really excited when Uncle Charlie asks you about its availability while he and Aunt Jane” get back on their feet again.” I mean if you can’t trust your Uncle and Aunt, who can you trust?
Or your old fraternity brother is splitting with his wife and needs “a small place to crash at night.”
These all sound like great solutions for your non-revenue producing property. Before proceeding to rent to family and friends, maybe consider the following.
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