Turns out Cleveland is even better than Cincinnati the way they do it by separating classes of tax on residence, employment and business (rental).

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

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

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

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.

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. 

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

Do value add primary residence and keep selling.  

Solve those and your property will get rented.I've had many Section 8 residents.