You DON’T Need 20+ Rentals to Quit (I Did It With 6)

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Jun 2, 2025

Join Miller McSwain, a former nuclear rocket scientist turned real estate investor, who shares his inspiring journey into co-living strategies. He reveals how he replaced his income with just six rental properties, generating cash flow from over 40 tenants. Discover the financial benefits of the co-living model versus traditional rentals, tips for choosing the right property, and the importance of community-building among tenants. Miller's innovative approach proves that financial independence is achievable with creativity and strategic planning.

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ANECDOTE

Miller's First House Hack

Miller McSwain started his real estate journey with a house hack in Colorado Springs while living in a basement.
Renting out rooms upstairs nearly covered the mortgage and improved their living situation post-college.

INSIGHT

Co-living Maximizes Cash Flow

Co-living generates significantly higher cash flow than long-term rentals, similar to or better than short-term rentals.
This higher income demands more management effort, representing a genuine risk-reward trade-off.

INSIGHT

Co-Living Benefits from Favorable Laws

Co-living faces fewer regulations than short-term rentals, which are increasingly restricted in urban areas.
States are passing laws to encourage co-living to increase affordable housing supply, making it a forward-looking strategy.

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It doesn’t take long to replace your income through rental property investing. Just ask Miller McSwain, who quit his job two and a half years after buying his first rental property! But it wasn't a standard rental with just one tenant and one income stream that got him there. Instead, a new “mega cash flow” strategy got him to his goal in record time. It’s not short-term rentals, mid-term rentals, or house flipping, but something that might work even better.

Miller was a nuclear rocket scientist by day (yes, seriously) and a house hacker by night. He bought a property just after graduation, using his job offer as proof of income to the bank. He and his fiancée (now wife) lived in the basement while renting out the rooms on the top floors. He was saving tons on rent and living for almost free. So, why couldn’t he do this on a bigger scale?

He could, and he did. This “co-living” strategy became Miller’s new obsession. Now, he’s got six rental properties with over 40 tenants, making thousands of dollars a month from each property in pure cash flow. He’s sharing exactly how to do it and does so in-depth in his new book, Co-Living Cash Flow, so you can quit your job, or at least replace some, or all, of your income with the fewest properties possible.

In This Episode We Cover

Miller’s “mega cash flow” strategy that produces way more passive income than regular rentals

Exactly what to look for in the perfect “co-living” property for happy tenants (and neighbors)

The “community” events Miller throws at his properties that lead to lower vacancy

Discounting security deposits? The method behind Miller’s genius tenant screening tactic

How to remotely manage co-living rentals yourself (no need to pay a manager!)

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1129

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