Please report them as it benefits society at large.

If you want to have your own LLC for your own benefit or where every member is active, that is another story.Also agree with Chris that you should consult with an attorney.

If they choose to live in a smaller unit and rent out their 3-bedroom apartment instead, the househacker’s tenant will be paying about 45% of their mortgage payment.While this still leaves househackers short of cash flowing during the initial years, there are significant benefits to consider.

The primary benefit of a smaller  renovation is you'll have a larger safety net if the renovation gets out of hand, the property won't sell, or if it takes longer than expected to rent.

I see it as a benefit because there's almost zero maintenance for the tenant and it's easy to clean up.

It will familiarize you with the basic terminology and benefits.

Having leveraged a cost segregation study before, I know all to well about its tax benefits.

Elbow spaces are typically hard to lease if they don't benefit from additional frontage along the center.

He has another brother that is part of the Trust and he is okay with what my dad decides; he isn't involved at all but my dad wants to be fair in the situation and it would be fair market value for the property and do everything above board.My wife is a realtor, so we have the benefit of her selling it.

The investor must consider whether the potential property value increase or other benefits outweigh this loss.