New to House Hacking

[Gabriel Zepeda]

Hello Everyone,

I just purchased my first 5-bed, 3-bath house using my FHA loan, and I am planning to rent out the rest of the rooms. I would like to keep house purchases like fridge, washer, dryer, etc. separate from my personal bank account, so... Is it a good idea to open a new business bank account and business credit card to keep my finances more organized for tax season and reap the benefits of points on a credit card? If so, what credit cards do you recommend for this? Does renting the other rooms and buying appliances qualify as business expenses? If you have experience with house hacking, what would you have done differently when starting out? Any advice helps. Thank you!

Best,