And the passive loss rules may prevent you from getting a tax benefit if your rental deductions are more than your rental income for all of these options.David OrrTax Modern

As I wrote in another reply too - one more benefit for me is that in a way it's "forced savings" - I have to find a way to pay the bill...

Another benefit: three friends renting together typically need their own policies.

Feel free to share updates or ask additional questions.

We are willing to provide additional documentation to support our request and discuss any potential steps to ensure a smooth and fair process for all parties involved.Thank you for your attention to this matter.

I really wanted to pursue this not so much for the financial benefit but for the learning experience.

These are professionals with additional training and a stricter code of ethics.

Perhaps you could consider hard money in addition to private money?

Hey Tim, If you are not using Hospitable yet that would be my first addition.

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