They can provide guidance on the best tax treatment for your situation while ensuring that your legal structure aligns with your asset protection goals.Consider the Costs and Benefits:Balancing the administrative simplicity of filing one tax return against the potential benefits of stronger asset protection is a key consideration.

And whatever you do, put your right hand over your wallet pocket and stay away from the gurus. . .let me say again, real estate is neighborhood regional, and no national "Armando Montelongo Guru" will teach you anything except to make them rich with your investment grocery money.We are stronger together,Tevis

Look forward to connecting with folks and building a stronger community! 

There is good and bad with monthly costs, but overall SFR tends to be a stronger investment long term.  

My rehab budget is $52,000 just using cash vs rehab loan as much easier/was a stronger offer this way.

For residence you should have homestead exemption (weaker or stronger depending on the state) and if you have a mortgage, the note itself should act as a deterrent to some extent.Anyway, I sent you my notes - it should clarify many questions and save you some research.

@Aaron, teaching in colorado could be an option, but the stronger reason I would consider doing it in Arizona would be because I could live with my brother and have no rent, and rent out my entire condo in denver.

Chris is right, a combination of the two ideas is stronger than either by themselves.

You are stronger than you know, and this community supports you in ways you don't even know yet.

As we learn and grow from this house, we'll be better suited to pick out stronger candidates the next time.