I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

This will allow you separate business income and expenses from personal income and expenses.Since you plan to house hack your bookkeeping and tax return preparation will be more complicated because a percentage of your home expenses will be personal deductions and some will be business deductions.

I have financed a number of STR properties and they will usually be appraised as a pure real estate as vacant value and a cash flow adjusted commercial value, sometime separated as going concern and real property.  

I’ve been down this road before, and I’d love to share some insights that worked for me and others I’ve helped over the years.When you start paying yourself, the key is to separate business and personal finances as much as possible.

With some humility, I’d like to say it’s keeping the finances separated/organized and liability protections, or everyone’s favorite question… do I need an LLC?

For example, my cleaner and handyman at my STR have separate cards so the only thing that ever gets charged to that card is that expense.

The ability to turn single-family lots into duplexes or even split lots for separate units can significantly boost rental income and property value.

If I were to get 8 separate single family homes, I would 8 roofs, 8 foundations, and 8 structures.

I could do separate loans on the land and mobile home but I think that may not be the best option. 

This is a separate post for you to make.