Can you go ahead and change that (think address of record for LLCs or bills for other properties).Make sure any HOA and the local government allows for your home as an MTR.1 last point to add to Jamie's first point: if you can, take a video tour of the home and what you're leaving behind.

Lease Options: Structure a lease option for the property you're flipping, allowing you to control the property while securing financing through the lease payments.By combining these strategies, you can create a unique financing plan tailored to your specific project and financial situation.

I’m looking for a structure that would at least allow me to break even, or create capital through something like the BRRRR method to use for future deals.

Do you have an approval or is something even grandfathered in that would allow you to put up a billboard? 

Allows you to get out of landlord responsibilities, and keeps a steady check coming in each month like rent does.

Just doing work together and building a relationship allowed me to ask other agents for deals that their sellers want to off-load.

Or they have jobs that won't allow them to commit the time.Therefore, partners who write checks into real estate deals cannot use the wonderful passive losses created to offset their ordinary income from their job or business.But what if I told you there might be a way to use leverage and depreciation even if you aren't a pro?

@Nathan M kieferIf you are getting $400k in W-2 income, unlikely you will qualify as a real estate professional unless: (1) you have equity in the company and its in an industry that allows you to qualify as real estate professional; or (2) you have a spouse that qualifies.

Keeping the garage allows you to maximize rent.

Gifting the property to your son transfers your basis ($265K) to him, allowing him to sell at his lower tax rate (0%-12%), but requires using part of your lifetime gift tax exclusion.