<prompt> Human: Im a single guy living near Denver Broomfield and paying 1,300 a month in rent. Ive looked into house prices in the area, and you can actually get a decent house where the mortgage payment is 1,400 - 1,600 a month for a 400,000 - 450,000 house. Im single and dont need that much space, but this gave me the idea that I could buy a house and rent out the basement and some rooms and pay basically nothing in housing given how expensive the rent is in this area think around 700-800 a month per room would work. I make 110,000 a year and Im currently saving about 2000 a month of my salary in the bank. Im not in a relationship, and Im not likely to get married anytime soon. Im very nervous about investing that much money. Ive only had my current job for less than a year, and only made 40,000 a year before I changed jobs, so this is way more money than Im used to dealing with. I work for a software company and theres no indication that my job is under threat things seem to be going really well, but I worry what would happen if I lost my job. I only have 30,000 in savings, and I would have to make a down payment. I also worry about the damage bad tenants could do.My question is, is this a good idea? Does anyone have experience doing anything similar? One idea I had is to offer new tenants only a 3 month lease at first, so it would be easier to kick them out quickly if things go bad, but then offer a longer lease once I trust them. Would that work?  <response>: Just think about whether you actually want to deal with the trouble of getting tenants, collecting rent, managing problems and having people around you at inconvenient times.Unless you screen heavily, tenants often come with families, pets, and friends that may or may not be your ideal co-occupants. 