I've been thinking about getting into cashflow a.k.a renting properties, then a thought crossed my mind. Which is better...to rent out each room of a house or to rent out the house as a whole?
Where I live, you can easily get $400-$500 a month for renting a room. So, I guess if you have a 4BR house, then that's a possible $1600-$2000 per month in rent.
You can also get $750-$1000 a month in rent where I live from a house that you bought for less than $50,000.
For anyone who's doing either, which is a better option?