Then you own the LLC and can transfer the property into it.If you transfer the property into that LLC the way it is then technically you just gave your friend ownership of the house proportional to his ownership of the LLC.I'm not an attorney, so take that with a grain of salt.

Based on your current assumptions, you would be paying $1,229 per month out of pocket, leading to negative cash flow.If you’re house hacking and living in the property, it might still make sense because you're paying for housing anyway.

That alone was the biggest improvement for my business practices and allowed me to take all of my bookkeeping in-house and eliminate the expense I was shelling out for a bookkeeper.

You can't just walk into the tenant's house to do your laundry.

However, these units are new and there is not a significant oversupply of any kind of housing in the area currently.

I live in Tacoma, WA…a lot of folks don’t want to deal with having to learn the local housing laws.

On the MGA side their in-house product is assigned to a different writing company depending on the state and risk. 

The house is worth at “quick sale” about $360,000.  

We are buying two houses right next to each other.

I would put it in your listing details and also potentially house rules.