Foreclosures aren't a super big source of leads though and most end up on the MLS anyways so they many people will see them.

You can also get away with higher fee's in places where people are drinking or out on the town.

Do you know people doing this?

Rather than just grinding for the next deal, I’ve put more focus on surrounding myself with the right people—those who challenge me, push me to think bigger, and share similar values.

🌟 There are definitely people in the Milwaukee area, including Bay View, who rent out rooms on Airbnb.

I live in a community where half the people never lock their doors.

Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house. 

Following to read people’s thoughts.

Hopefully someone with tax accounting knowledge can jump in here with more detailed analysis, but I looked at this a bit several years ago...1) You still have to pay the depreciation recapture on the sale decreasing the net benefit of this approach due to the large tax payment in the 'sale' year2) The LLC would need to not be a passthrough entity so that it can be taxed separately from you, so you have to add another tax return cost for the years going ahead3) Taxing it separately from you likely means corporate status and corp. taxation rates which are higher than yours and I've heard many times over the years to avoid titling real property as a corp...Overall from what I've seen this only makes sense in a select few scenarios, which for most people aren't in play. 

agreed. what I see is a major issue with used homes is plumbing and people NOT doing sewer scopes on their home inspections..