# Anybody own rental properties? **URL:** \ **Category:** Shift518 Off Topic\ **Created:** [October 2, 2010, 8:45pm UTC](https://forums.speedlife.net/t/anybody-own-rental-properties/254843 "2010-10-02T20:45:02Z")\ **Posts on this page:** 1\ **Showing post:** 9
**Author:** ![RocketPunch](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rocketpunch/32/6429_2.png) [@RocketPunch](https://forums.speedlife.net/u/RocketPunch)\ **Post date:** [October 3, 2010, 9:10am UTC](https://forums.speedlife.net/t/anybody-own-rental-properties/254843/9 "2010-10-03T09:10:20Z")
> [@Who is the chick....](https://forums.speedlife.net/t/who-is-the-chick/35493/13): > > I’m thinking about buying either a duplex or some other multi family home and the wife and I living in one part of it and renting out the other unit(s). I did some looking around and I can afford to buy one reasonably nice building and go from there. Just currious if anybody else here has done something similar. I’m interested i this idea, because if I buy a place then rent part of it my living costs will only be a few hundred a month. I know that I will need to setup some kind of corporation or limited liability partnership. So anybody? You got any info on the _need_ to setup some kind of corporation or limited liability partnership if you rent one unit out in a two family that is you primary residence? Just make sure you have a good lease, do all the background checks, 2 months deposit, add clean up clause in the lease. It is always better to have no tenants than bad tenants. Good luck. --- _[View the full topic](https://forums.speedlife.net/t/anybody-own-rental-properties/254843)._