Dont take the easy way out and sell the house.

I've had to evict a couple tenants here and there - And it's not fun, but it's always been pretty easy.

Everything is a team play and trust me it ain't easy.

I would advise to look on here and try to connect with a seasoned investor in your area and maybe they can refer you to one.

Typically setting up the LLC is the easy part.

Honestly looking at your situation I'm not sure I would recommend you do the taxes yourself,  change of accounting method (F 3115) isn't easy for someone that hadn't done them before these online software companies make things seem easier than what they are, they are good for less complex situations. 

For reference, we're heavily involved in the co-living space, which is an unorthodox strategy but can perform exceptionally well with the right property and systems in place.

There's no blanket number that will make the math very easy.

A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email [email protected], and someone will help you.

Curious what loopholes you are referring too?