My kids went through this around the same age and still have an interest.Teach him financial literacy and include him in what you are normally doing.

Prioritize your financial stability.

I completely agree with the advice and I'm perfectly okay with not charging him rent.My concern is that by treating this property differently from all the other units in the Series LLC, I may be opening myself up to a situation where I'm weakening my LLC protections even if I keep the financials separate and in order.

There's so much content and so many individuals who push inexperienced investors to take action before they are financially ready while downplaying the risks, particularly those associated with  properties in lower tier neighborhoods.

This is thanks to the essential risk-lowering benefit of diversification.Sadly, most people are 100% financially dependent on what's happening in their own country.

@Ibrahim AtoumIf you're starting house hacking at 20, focus on building your knowledge and financial readiness.

So in a significant recession, merely being active or passive is not actually a way to avoid losses.Finally, there are a lot of active investors who lose their money even *outside* of a recession because they make too many newbie mistakes.

I invest here in GR and am happy to connect you with our financial advisor who is helping us structure our businesses for our properties. 

If I can afford the financial loss of it not being rented those months (2K mortgage) then maybe it's at least worth trying?

Looking back, the biggest lesson was saving from a position of financial strength.