From Brewing FIRE …
Approximately two years ago, my wife and I attended a party at her coworker’s house. The coworker owned a house that had an in-law setup in the basement. As a way to subsidize her mortgage payment, she started renting out the basement ‘apartment’. In fact, renting it out on Airbnb was nearly covering her mortgage every month!
My wife was so enthralled by this idea, she insisted that we immediately start converting our basement into a rentable space.
By renting out a portion of our home, we could get over our guilt of buying a SFH, and also reduce our effective cost of living. This would allow us to contribute the additional savings to our investment buckets, and turbocharge our path to FI.