Entity Structure for a Multi-Family House Hack

[Kelechi Ubani]

I have meeting pending with a CPA already but I'm curious: When house-hacking a multi family property with an FHA loan, the property is under the owner's name. And so while it's owner occupied, how can the owner leverage a separate entity for the rental income while adding a level of protection on the owner? I thought maybe creating an entity that acts as the management company who collects rent and manages the other units. Thoughts?

[Greg Scott]

With an FHA loan, you aren't an attractive lawsuit target for even the most hungry ambulance-chaser. I'd just get good liability insurance coverage.