SFH house hack- Should I use a lease?

[John Carr]

Hey all,

I am getting ready to buy a SFH with my daughter in Orlando. Looking at 3 bedrooms, daughter will live in one BR, her current roommate will rent out another BR, and the third will be rented out to another co-worker.

Question is, I assume, we should have the two "roommates" or "tenants" sign a lease?

Also, the goal is to rehab the place, and then move on to another SFH in a year or so. When we make that move, what is the best option for the first house? Leave that house furnished and just rent out the vacant room or move out completely and just rent out the house as a whole?

thanks!

JC

[Raymond J. Rodrigues]

@John Carr, I would have each tenant sign their own lease.