BP This question would be a great AI response since it has been asked before.  

Thanks for your response!

While every IRA must have a custodian creating a special purpose LLC can allow you to bypass the custodian when making investments and performing transactions which can save time and money. 

Buying a property to house hack with an LLC basically defeats the purpose of doing it.

I've worked with government employees, families who have been displaced by fires, and other clients / employees who are my tenant but aren't financially responsible for the lease.

With this I will have an additional 8 units bringing in $20k+ in after expenses revenue. same response in every bp forum, copy paste. real?

So far, I’ve sent out a few mailers and gotten some responses, but nothing’s closed yet.

This aligns with the other responses in the thread, as passive activity losses (PAL) rules govern how these losses are applied across your rental portfolio.

@Sandee SampsonA construction attorney would be who to contact but you are going to spend a lot more than $7000 in getting this resolved against a builder.Also let’s say you win, the courts could also say you didn’t pay for a retaining wall which is needed so it’s a betterment to the property so you would still need to pay for the wall and they would be responsible for some soil etc.

Based off our lease agreement, my lawyer says that it is the responsibility of each tenant to repair their own space.