Hello Biggerpockets Community, This is my first post as I am trying to utilize BiggerPockets more. 

There are two main ways to utilize this exemption.

The canceling tenant remains responsible for rent, utilities, and other charges until a replacement takes over.

Right now the only utility at the garage is power so basically I am starting with a frame and a roof. 

To determine the correct treatment, consider the RV's permanence, utility connections, and business use.This post does not create a CPA-Client relationship.

And you can be a landlord that gets a very poor return because they haven't utilized their space well by changing the layout.

We were looking in the Smokey’s and in Florida but we might just shift to our hometown and house back it with the ADU unit utilized for STR. 

After watching some of the podcasts and reading posts I am set on starting my real estate journey utilizing the house hacking strategy.

Quote from @Fernando Martin-Gullans: Hey y’all, I’m a retail investor with 2 SFH rentals worth a combined ~$650k looking to utilize some of my stored equity to buy more out-of-state properties, but I’m not quite sure how best to proceed given that my interest rates are incredibly low (leaning me away from refinancing) and neither property is owner-occupied (which I believe prevents me from using a HELOC).

Pay your utilities out of this account, and after the month has ended, you can distribute your cash flow from this account to your reserve account and your personal checking account.