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.

While there is money in polishing turds, early note investors should focus on solving problems that they have some experience in resolving. 

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

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.

From my experience, many investors prefer to stay hands-off and avoid the day-to-day operations—managing contractors, solving unexpected issues, or finding a replacement electrician.

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.

Knoxville has some good ones like First Tennessee, Pinnacle Financial Partners, Y-12 Federal Credit Union.