I know I will have to report the LLC’s profits but I’m confused as to how to handle the draws with respect to the IRS.

@David Herfel, connect with an investor-focused real estate agent in your respective market who has house hack before or routinely helps and services house-hack buyers.

A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.If you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

Overall, I still have a lot to learn in all of these respective areas, but having dipped my toes in so far has been a great accelerator to my current understanding. 

"In no event shall Qualified Intermediary be liable or responsible to any person or entity with respect to any action taken or omitted to be taken by it under this Agreement or at the direction of Exchanger.

The high valuations and high rates with respect to market rents make BRRRRs a challenge.good luck

But I definitely respect your POV.

I mean what respectable bank does not accept zelle payments?

Take a look at the HOA and see if it changes every year, HOA price increases can factor in on your profits with respect to Condos

The distinction is important with respect to your financing question and options.