Consider those other 3 benefits that Rick listed above and also consider: 1) Paying less than you would renting2) Hands on investing education3) Preparation for your second property, and your third property etc. 

As you're preparing to search for a rental property, my advice would be to lock in your financials so when a great deal comes your way you're ready to strike! 

I am preparing the lease using BP California Lease.

Any favorite house hacking books or books you feel prepared you for house hacking?

(Note there are instances where the above generalization doesn’t hold and an attorney is best to explain this to you)There are costs to create each LLC (even if it’s a series) and you will need to prepare and file taxes for each LLC.

I would strongly recommend having a real estate-focused accountant look at your situation and prepare your taxes for you, as you are now treading into complicated waters where you can get yourself into trouble if your not careful!  

Hi @Mike Paolucci,I am local to Columbus and preparing foundation for investing at the moment.What has been your experience with short term rentals in Columbus and which neighborhoods are doing well?

What are the best ways to prepare for the Law & Safety and General B license?

We are preparing our house to turn it into a long term rental unit and plan to house hack a duplex or fourplex (along with our 4 kids 😜).

I need to prepare for tax filing and potential audits, but I'm unsure if receipts for every expense are necessary.I had an incident where the PM mentioned a referral fee of $350 for a tenant, but the bill showed $400.