We encourage all members to file extensions for their personal tax returns, because we just don't know when each joint LLC will receive K1s.

It may be tough to find a property manager, and I would expect that you'll have a few additional fees when it comes to the rent by room strategy.I'd encourage you to think about managing the property yourself when living there as the landlord, and would be happy to share some of the do's and don't's that I ran into self managing a few house hack properties. 

@Michael SheaRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder, etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

@Jake LangleyRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder, etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Would encourage anyone who hasn't signed up yet to check it out. 

I really appreciate having a little bit of ammunition, and encouragement here.

We are just… at our wits end currently …. and just want to be done with this stage in our lives, yet we are running blind here… Ryan I would strongly encourage you to use a realtor, I have purchased quite a few properties and own a property investment company, you will definitely make more selling through a realtor…even after paying commission.

In fact not being subsidized  will encourage  them to some day buy a home.

Thank you @Henry Clark, you post a meaningful amount of excellent content.

Thanks for your encouragement.