Include your rent when house hacking a multi-family

[Jon Chittenden]

Hello All - this is a newbie question, but should you include your rent in a multi-family property that you plan on residing in? Especially when evaluating gross income and cash flow?

Are there tax or liability benefits to this approach?

Thanks

[Dennis VanHouten]

From what I've been gathering in my on-going education in real estate investing is that when you are evaluating the multi-family property you plan to reside in and rent out the other units, you treat it as if you weren't living in it and count the rent when calculating the gross income and cash flow.