To rent out the MIL apartment at my lake house or not
At a previous house I had a MIL apartment that I rented out. It had it's own everything, including parking and entrance, kitchen, breaker, you name it.
Now I have a house on a lake with a completely separate MIL apartment down stairs. The rent from this MIL would pay my mortgage. The down side is that BECAUSE it's a lake house, the tenant will be more "visible" in that they will be out at the dock/boat house/lake from time to time, possibly when I want to be out there alone. Then again, I don't go out there that often, mostly when my gf comes which is once a month.
Is it worth the free living to share the lake house with a tenant in their own basement unit? Ultimately I could try it out and send them on their way if I don't like it. With the right tenant I had no issues at my previous house. With the wrong tenant it was hell....Of course at that house there was no yard so they stayed in their unit....