The operator may trade off the longer term benefits to keep a high quality tenant in place.

There might be some added tax benefits for this if you add in depreciation to help push you to a lower tax bracket. 

@Scott Trench   ​    I saw that as well online - 90 day moratorium - basicaly no unsolicitied offers to homeowners impacted in specific zip codes.

The mortgage is currently under my name, so I’m unsure what benefits, if any, I’d gain from using an LLC in this situation.

Hey Tim, Under IRS Publication 523, as a military member on qualified extended duty, you benefit from an extension of the “2 out of 5 years” rule to “2 out of the last 10 years” for excluding capital gains on the sale of a primary residence.

The bullet in the response that is standing out to me is:"(7) The accessory dwelling shall not be a short-term residential rental, as defined by City Code section 3-2-152(a)(2), for a period exceeding 120 days per calendar year."

One of my early properties barely broke even, but after a couple of years, rent hikes and expense optimization turned it into a strong performer.For cash flow benchmarks, I usually aim for $200-$300 per unit, but your situation.. house hacking.. offers unique benefits like reduced living expenses and quicker equity buildup.

Other advice, especially that pertaining to tax benefits, is also highly appreciated!

I can always sell if I change my mind, and hopefully make a few bucks, worst case break even, since I am buying at discounts.With BRRRRR, an often ignored benefit is the security (if done well) of being all in 75-85% of ARV.

They can help you with tax planning at the beginning of the year to help ensure you are taking advantage of as many tax benefits / incentives that you can.