I live with my father and mother.
Aokigahara's Jukai is a terrifying place to live.
I want to live in a hobbit hole, but I don’t know how to dig.
This word consists of kanji with hiragana attached. Because the hiragana ends with an う sound, you know this word is a verb. The kanji itself means dwelling, so the verb version means to dwell. It can also mean to live or to reside. Basically, someone is living somewhere. Where do you live?
Since this word consists of a kanji with hiragana attached, you can bet that it will use the kun'yomi reading. You didn't learn that reading with this kanji, so here's a mnemonic to help you:
You have a place to live... but not for long. You are being sued (す) out of your house and home so you will have nowhere to dwell.