Primary Home in Single Member LLC - how to pay mortgage?

[Christina R.]

I recently bought a two family house under a single member LLC, mainly to protect personal assets in the event something happens. I live in one unit while the other unit I plan to either airbnb or find a long term tenant.

I have been advised different ways to pay the mortgage. One way is to personally fund the business checking account and pay the mortgage every month that way. The rental unit is not generating income yet so I could fund the business checking account from a personal account until there is revenue to pay the mortgage. Another way I was advised was to create a rental agreement between myself & my unmarried partner and the LLC, then pay the "rent" from a personal account to the business checking account. I'm not sure i see the benefit to the second option as then i have to pay taxes on this rental income and then i believe it does not look like my primary residence anymore. Any advice on the best way to pay the mortgage or am I overthinking it?

My other question is if anyone recommends an insurance agents in the nyc area who can write a policy for my situation if i did airbnb for the rental unit? It seems difficult to get a liability policy for short term rental activity even when i live on site. Perhaps it’s easier to get a long term tenant but with airbnb I can pick and choose calendar dates which i like.

Thanks for any insight.