Can I buy and rent to myself?

[Kurt Johnson]

I'm rather new to real estate investing, and I'm planning on getting my first property and house hacking it along with having roommates (Tri-plex, rent out other two sections, and have friends move in with me by renting out my rooms in my section). I didn't know how this would work on the tax side of things. I will be using an LLC but didn't know if things would get tricky since I would be living there too. I know there are more tax advantages when it is an investment property but I was wondering if I couldn't use it as such since it will be my primary residency. Any information would be helpful! Thanks

[Steve Vaughan]

In general it is best to own your primary in your own name, especially if your state has homestead privileges.

My property mgt s-corp I use for my portfolio does rent storage space from two of my commercial property LLCs, but I doubt there is an advantage to renting your primary res to yourself.  

Why the sophistication?  Simple is often best.