It’s unlikely to provide the immediate tax write-off you're envisioning.I’d recommend consulting a CPA to clarify your situation, especially if you’re splitting usage between personal and rental.

I understand I need to consult my lender for an official answer.

I am a local RE consultant and investor in Indy. 

I’m going to consult a local financial planner but thought I’d ask the brilliant minds at BP as well.

However, you aren't going to get the best communication at all times and much like most lenders, there won't be a large degree of consultancy on investing.

@Loren SouersI'm going to lead with the suggestion that you consult a tax professional and an attorney.Generally speaking, you can put a rental property in a revocable living trust, which can help with estate planning and asset protection.

I'm not sure exactly how legal that is, consult an attorney, but I never had any problem getting rid of someone within 7 days, and I never had anyone attempt to challenge me on it.10.

I’d recommend consulting with a lawyer who specializes in contract law to understand your options and how to protect yourself moving forward.

For example, a tenant can file for bankruptcy (legitimate or not) to prolong or delay the legal process.Lastly, you may want to consult with an eviction lawyer/attorney.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.