Do you have proper license and insurance to legally manage properties for other people?

The potential tax implications are often minimal, and with proper planning, you can maximize the benefits of your investment while minimizing any tax burden.

Challenges like unexpected renovation costs and tenant turnover can arise but with proper preparation and management, you can achieve great returns.

Where can I find proper leads or wholesalers?

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

When using this structure for investments, the key is to complete IRS Form W9 properly.

It was very complicated and cumbersome to set up properly and difficult to use.

The answer sort of varies on a few factors like are you self-managing, have you had a proper conversation with them over the phone, etc... 

I am now looking for advice on how to structure my bank accounts to properly separate my personal expenses from any expenses surrounding my house hack.

When done properly, they have a high probability of resolving the problem.