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Updated about 7 years ago,
Can I live & partially rent out a LLC house?
Hi everyone, I am pretty new to real estate investment. Currently looking at vacation rental options in Utah and Wyoming, and if we purchase a house, we would like to put it under an LLC.
The question is, is that okay for my husband and me to live in this property, and rent part of it out (long-term or short-term)? I feel like the answer is yes, but would like to confirm.
If anyone has any suggestion for vacation rentals in Utah and Wyoming in general, I would love to learn from you as well. Thank you in advance for reading this post:)