As explained above, income from the financed portion of the property in an IRA would be taxed as well, but you can deduct related expenses, including depreciation, to minimize this tax liability; that is why I recommend a discussion with a tax expert to understand what your numbers would look like.Hope this helps!  

Any specific neighborhoods you recommend looking into—or areas to avoid?

The best way to get through the door with subs is a recommendation/connection from someone they respect.

It's deceptive practice, plain n simple. 

He browsed through the lease and recommended to use the 60 day notice clause in the lease to send a lease termination notice.

Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.

I do not recommend this level of tax fraud as the consequences can be serious.good luck

If you are looking to house hack in our local neck of the woods, I recommend reaching out to @Josh Green.

If so, I always recommend getting the study done prior to rehabbing.

I would highly recommend talking to Jeff Weller at Coast 2 Coast and Fernando Corona both are also PadSplit hosts but we're some of the first expert lenders .