And yes I’m worried about tax season the following year.. of that $16k saved from house hacking.. would that not be added income?

Select your partners wisely - Realtor, Lender, 203k Consultant, and ContractorREALTOR - it's recommended to work with one that has done a 203k in the past so they know what verbiage HUD wants to be added to the purchase offer contract and how to structure the deal. 

Watch, now I'll be added to the spam list 

IF you expensed a repair/renovation it can NOT be added to your basis and deducted. 

Or could we be part of the LLC as well without having to be added to the title/deed of the property? 

@Philip Mullinax I’m no expert, but it sounds like there are a few options, but the best ones will be adding another layer of Sheetrock over the top of them.

It has automatic late fees that can be added and a copy of the lease can be uploaded if you wish and can require and offer tenants renters insurance before accepting payments.

All of your initial renovations and such to get the home in rental condition will be added to the home's basis. 

With technology today, I don't think being a landlord is near as difficult as it used to be.  Ad

Drive around and look for 'Bandit Signs' and call the numbers to be added to their 'buyers list'.