Prioritize financial stability before scaling your investments.This post does not create a CPA-Client relationship.

Quote from @Charlie Martin: Hello, I’m hoping to buy my first property next year, and am wondering if I should create an LLC to do so.

Additionally, I’ve been wondering if it might be possible to create an LLC, rent my house to the LLC through a formal contract, and then have the LLC operate the Airbnb.

It seems great on paper because you were technically creating more income but you are also creating more of a headache...Cramming in bedrooms and forcing living space is not always the best way of going about things.

There are some other dynamics that also will likely play a factor in making the situation great for investors...such as runup in home prices and interest rates probably created a permanent renter class of society. 

Man was not created to lounge all day.

*This post does not create a CPA-client relationship.

It creates a problem when selling the property as no one who wanted to live in the house would buy it, and your buyer pool for this property would be majority investors.

What I wrote above does not create an attorney/client relationship between us.

This creates a negative initial position.