So you're not renting a room in the house you're living in, right? You're staying in Twil's house, and kicking out (politely) all the people who are still in your old house but paying no rent? Sounds like a good idea.
As far as being a landlord, all I can say is choose your renters very, very carefully. I've seen some really horrendous damage done to houses by renters who just didn't give a shit.
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