There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Specifically:Will the lender only consider the rental income from the two legally zoned units, even though all three rental incomes are declared on your tax return?

Hard to produce cash flow or break even with that much debt, at that rate.House-hackers, however enjoy certain one time (non-scalable) advantages that should be taken advantage of in the early days: - They can assume pre-existing debt like VA and FHA Loans (rather than take it on Subject-To which is dramatically riskier).- They can rent by the room and self-manage to produce day 1 cash flow.- Many of these HCOL areas also have strict limitations on AirBnB or short-term rentals... that do not apply to owner-occupants - thus allowing for extreme cashflow potential for house-hackers.

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?

To defer all tax you must purchase in total at least as much as your net sale.

During escrow converted it to a Roth and paid the taxes.

If 1031 is to be implemented it must be done on the property level.2. 1031 generally does not apply to IRAs since they are tax-exempt. 3.

I 100% endorse adding in the escrows for taxes and insurance to set the buyer/borrower up for success. 

Also I would buy tax deed land for say 2k sell it a few months later for 10k on terms that was my cash flow. 

They were taxing as a fourplex, but the CO said it was a triplex.I found out when I went to try to refi with the bank.