My first house hack!

[Dalton Dellinger]

Hello BP! I am in the process of closing on my first duplex to house hack and I have a few questions as to how to set it up. Can I / should I open a business checking account as an individual and just have my tenant pay the rent there? The mortgage payments, property taxes, insurance, maintenance, and cap ex would all be taken out of there, if so. Also, I talked to an attorney last week to look over my lease and make sure it was legal and I told him about my plans for this business and he suggested I form a C Corporation? Your thoughts on that? Everything I've ever read has said that an LLC was the way to go for both taxes and liability, but I am still learning. Any input is welcomed! Thanks in advance!