Liability worries me....she has a baby...

My series 7 teacher used to say, “you can hold your apple stock in your ira, but grandmas house and your beanie baby collection can not go into the account.”

The building is a former haberdasher/clothing store with 1900 charm.

My wife and I have talked about house-hacking and it definitely is a possibility in the next few years while our baby isn't in school yet (he's 13 months). 

One of the bedrooms in our unit is used solely as an office for our business-related work (or at least it was last year; it's a baby room this year).While reporting the rental income, and taking deductions, would it be better to file as self-employed or sole proprietor?

I'd just leave it be unless you feel it's a safety hazard for fires having a garage full of flamable junk or an invitation for mice to breed and habitat in countless boxes of old smelly clothes that they'll never wear again. 

.$600k SFH purchase price (decent 3br/2ba with pool in walkable area)25% down 4.5% non-owner occupied loan rate = around $3000/mo PITI allinlet's say you can do 1% rule on $600000 place is $6000/mo in gross rents which would be awesome for PS ($72k a year, way above avg)$6000/mo * 30% PM fee = $1800 fees = $4200 left net to you Add in for STR you pay all the utilities - power, pool, gas, heater, AC (summer in PS baby!)

He says, “You don’t just walk up to someone and say ‘Hi I’m so and so, want to have a baby?”

After educating myself for some time, I’ve been making baby steps in developing my plan and strategy to purchase my 1st property.I recently spoke with an investor friendly real estate agent and he told me the 1st thing he would need from me, before making any suggestions or taking the next steps, is for me to speak with a lender and find out what I qualify for and how much of a down payment I am able to put down.He suggested a couple mortgage brokers for me to reach out to.How would I go about reaching out to them?

@Dylan Cronkhite get it baby!!!!