My name is Cam, and I discovered BiggerPockets on Spotify.I'm 25 and bought my first multi-family property about a year ago.

Annual property tax on it if you are a resident (and its your primary house) is $960.

Property was originally a small hotdog building, residence and floral shop on a hard corner of Lake Mead Parkway, Henderson, NV 89015.

The issue for you is you (or your wife) now may have two insurance carriers fighting over who will pick up coverage (assuming your intermediary LLC has appropriate insurance) or if it does not, your property insurance carrier may try to get out of coverage because of your slick deception tactic of using an alter ego which is the last thing you would want.Just  yesterday another BP forum poster wanted advice on a similar strategy when leasing a rental cottage on the same lot as their residence.

My clients are focusing on medical districts for traveling nurses/residents - near Nationwide.

Another, scarier story I have is from when my business partner at the time and I were touring a house that'd been vacant and on the market for a few years, deep in the back woods of Vershire VT, real middle of nowhere town that has fewer residents now than way back in the 18th century.

The massive influx of full-time residents to our market in the last 5 years has led to a shortage of affordable housing for renters. 

Many thanks, Cam

Investment Info:Single-family residence buy & hold investment.

Get a cost seg study done.Once you convert your primary residence into a rental, you can get a new cost seg study done and take bonus depreciation to offset the new rental income.5.