This also helps with asset protection, monthly bookkeeping and annual tax return preparation. 

We do all phases of the operation through. buy, rehab, rent, repairs, bookkeeping, tax preparation, etc.

He is also doing the bookkeeping?

Realtor referred to the GC who was terrible at bookkeeping and communication.

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.

That's actually one of my pieces of advice for you... learn how to do your own book keeping so you know your P&L in real time at all times. 8) Hard to say without knowing the value of the place, CC&Rs, as well as any HOA fees/dues. 

Plus it makes bookkeeping and doing taxes etc. more complicated and annoying/ expensive.

I use the lease feature from Rocket Lawyer as it's part of my tools stack from Baselane - my banking/bookkeeping/tenant management platform.

Had several challenges with their bookkeeping after I had to make an adjustment to one of my monthly payments.

I politely informed them that their bookkeeping records and the law state otherwise.