I'm thinking about getting a roommate. Not a big deal? Well, it's for the house that I own, which is new all around for me. Aside from the finding of a good roommate, I'm wondering how formal to be with the process, particularly whether I need an actual rental / lease agreement? I own Pacific Heights, so I know just badly this could go but the reaction from a few people so far, including my house-closing lawyer, was that a lease is overkill. I will also be paying taxes on the income from renting (my dad is my accountant, who also worked for the Feds for 25 years, and I can't do it under the table). Any experience with minimizing the tax burden for rental Any stories, good or bad, about renting propery you own? Or just interesting roommate anecdotes?