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Updated about 1 year ago,

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Ryan Busby
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Open a business bank account?

Ryan Busby
Posted

Hello fellow investors!

Three days ago I closed on a duplex - one unit has two years left on a lease and I will be living in the other unit (house hacking). 

I have two questions:

1) Should I open an LLC, even if I'm just renting out a single unit?

2) Should I open a business bank account for all rent and expenses? (If so, any suggestions on a good bank to go through?) 

Thanks in advance!

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