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First time house buying and renting out. Advice/guide needed

Recently spoke to my parents who brought up the idea of helping me with a down payment for a house and renting it out. Extremely generous of them, but I don’t know a single thing about buying a house or what it’s like to rent to people.

I would rent out rooms to people (ideally people I know) while also being a tenant myself.

I guess I’m looking for a guide to the whole process? If there is one, or just looking for advice in general. I literally know nothing about all of this

I’m 24 living in the Midwest if that helps

submitted by /u/opper-hombre1
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source https://www.reddit.com/r/RealEstate/comments/qjv7bk/first_time_house_buying_and_renting_out/
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