If you need to evict the tenant for any reason during the lease term, things will get complicated.

@Max Bellino if you feel the need to interview six separate attorneys for this scope you are over complicating your true needs.

I don't want to give up on house hacking if I don't have to. the way I currently see it, it could add more complications to our lives in a risky way.

And do you have any referrals for attorneys that work in the Pierce County incase things get too complicated as I do it on my own?

The 1% rule is a flawed underwriting technique.

Business expenses are deductible but mainly offset passive income for non-active investors.What you are trying to understand is complicated and you will need professional help.

Put up a website, go knock doors, go talk to retirement communities, divorce attorneys, GET OUT THERE it's really not complicated. 

It’s also commonly referred to as an Alter Ego in legal jargon and often times actually complicates litigation if a claim arises.

While it's not common for lenders to enforce this, it's still a risk.Lender Discomfort: Since the loan stays in the seller's name, if the lender becomes aware of the transfer, they may become uncomfortable with the arrangement, potentially complicating the process.Seller Risk: The seller is still legally responsible for the mortgage.

Due to complications in due diligence (seller financials), the only way that it makes sense for us is if we can assume the current debt, because it is below market rate, already underwritten etc.