Note: This information is for educational and informational purposes only and does not constitute legal, tax, or financial advice.

You’ve got a powerful mix of experience, vision, and motivation to make it happen.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

We would definitely recommend though making sure the rental property is in a Trust or LLC if you are planning on keeping it, as well as moving your personal residence into a personal residence trust for more anonymity as you plan on house hacking it.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

Bringing in a lawyer to draft or review your agreement is worth the investment.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

This strategy effectively achieves the goal of holding the property within an LLC structure to achieve asset protection while mitigating the risks associated with acquiring an entity with an unknown liability history.Note: This information is for educational and informational purposes only and does not constitute legal, tax, or financial advice.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

While this smaller loss is less helpful in offsetting gains from the other property sale, unfortunately, it aligns with tax rules under IRC §1011 and §1250.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

At minimum a privacy policy and the specific usages, maintenance, and/or destruction of the information should be available in the even the tenant asks for such.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

Her re-entering the unit without permission after vacating and after you've taken reasonable steps to secure it could be considered trespassing—but you’ll be on firmer legal ground once you’ve followed the proper abandoned property procedures.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

Doing so constitutes the unauthorized practice of law (UPL), which is prohibited by California Business and Professions Code §6125 and §6126.