House Hack...Should I use an LLC?

[Gavin Kercher]

Hello,

I have recently started an LLC and have a personal house. I have 2 room mates moving in that will pay roughly $100 more than the monthly mortgage cost. I would like to take the rent payments in through the LLC to pay for the mortgage, registered agent fees, and tax software. I will still be staying in the primary bedroom of the property. Should I transfer the deed to the LLC and keep the mortgage in my name? Is landlord insurance required? (Homeowners is escrowed.) I would like to be able to take property and other deductions through the LLC. I would also like to show that they are paying the mortgage to free up personal DTI to buy our next house hack. Is there anybody out there that is able and willing to help with this? I am obviously a new investor, and plan on turning this property into a full time rental in the future.