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I really wouldn't advise this, not unless you don't want to be friends any longer
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Pro`s & con`s i suppose.
Not quite the same as the OP`s situation but i`ve had friends renting my place back in Edinburgh for nigh on 5 years now and i`ve never had the issues i did with some of the previous numpties.I never hear when things are all ok mind you,i only ever get contacted when something bad happens