I live in California.I also wanted to know if there was anything you wish you had known before setting up an LLC/IRA and why you chose to set one up and has having one met your expectations?

Where are you living at this point?

I grew up near San Francisco and moved to Reno, NV to live and house hack. 

One caveat to this strategy is that you can’t live in a property that your IRA owns, nor can you rent it out to anyone else who may be considered a disqualified person like your spouse or child.Feel free to connect with me and send me a direct message if you want to learn more!

Sad country we live in at times. 

I also live in NY and have invested long distance without scouting the area. 

However, I’d like to have a space of my own before living with others again (I plan to house hack again with my next property).I’m seeking advice on how to move forward, as I need to consider things like utilities, taxes, landlord/umbrella insurance, and managing the property, especially with someone renting my garage.Specifically, I’m curious about renting out individual rooms and living on my own for a little while.

Hey John,I own 12 units in Detroit but currently live in California.

Is the basement legally considered living space?

I am new to real estate investing and got into it because of the book The House Hacking Strategy.I live in San Diego; the rent is just crazy.