Perhaps a 1031 exchange would also eliminate the income implications of the Michigan Home''s sale.  

If this a buy/hold, you may wish to consider eliminating the inevitable issues that arise with cast iron lines and replace immediately after foundation repairs.

It does not eliminate your liability, so when people say you should not bother with an LLC because it does not eliminate all liability, they are confusing the issue.

It does not eliminate your liability, so when people say you should not bother with an LLC because it does not eliminate all liability, they are confusing the issue.  

Several ways to do it, but perhaps you could eliminate some cost that way.Regardless house hacking is normally a great idea! 

Just cover your bases, make it clear to her, and eliminate any vacancy (financial loss, that is) between her and the next renter.  

So there is going to be an income verification by a third party and also buyers who cannot provide a 5% down payment by themself will be eliminated from getting mortgage.

You will be basically betting on the appreciation if buying this property will eliminate your ability to save more money to go towards rentals in the future until you sell and realize that appreciation.I would look at what the worst case scenario would be and what does this do to your timeline / plans.  

Using an S-Corp you may be able to eliminate some of the self-employment taxes, but you'll still pay at your marginal rate, regardless of how long you own the property.Talk to a tax professional about your specific circumstances...

My second thought is that you might want to eliminate hotels from your future plans, a hotel is not a normal RE investment, it is more of a business, and that requires a lot more of your time and energy, plus there is a differant skill set involved.