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Updated almost 7 years ago,
Owner Occupy/House Hack in MA - Land Trust or LLC?
I'm currently living in a duplex, and getting ready to rent out my second unit soon. I will continue to live there with the tenant in the second unit, so this is a house hack. This is my first and only property, and will likely be my only property in the foreseeable future.
I'm just looking for asset protections should someone come after me. I've read that LLCs are overkill unless I have multiple properties or planning on lots of flips. Is a Land Trust the best approach for this in MA? How long do these take to set up?