Looking Ahead-Renting Out Rooms
I have a roomy house with a suite on one end of the house. It has a hallway leading to a large bath, bedroom, and den. It has a seperate entrance and can be closed off from the rest of the house. We bought the house as it was perfect to make a comfortable space for my ailing mother to live with us-which she did for five years.
Question: If it becomes necessary, what is the conventional wisdom and forseeable issues of renting out this area to a single retired person?
Thank you for feedback.