As always, consult with your licensed tax professional for qualifying, tax implications and strategy.

Shared housing provides affordable, flexible rental options for young professionals, remote workers, and students.As shown above, co-living properties have more demand than traditional two-bedroom units and appeal to a wider tenant base.2.

If you haven’t already, professional photography can help your listing stand out in a crowded market.

It would be a great opportunity to extend out to some real estate professionals.

Readers should seek professional advice.

Posts like this are part of my journey to learn, network & connect with experienced professionals like yourself who have valuable insights to share.I also want to apologize for the late response—it’s been a busy few days, but I didn’t want to miss the chance to thank you for your input.Looking forward to learning & growing in this space & who knows, maybe one day I’ll be offering you in on an investment idea or I'll be the one offering advice to new investors!

As @Brett Synicky suggested, keep it simple, as a sole proprietorship.You are also not considering that you will have to pay $800 per year and per LLC to your greedy state.In short, get some professional advice instead of TikTok advice.

Readers should seek professional advice.

Readers are advised to seek professional advice.

Real Estate Professional = 750 hours and more time on real estate than anything else.