I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

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.

I could do separate loans on the land and mobile home but I think that may not be the best option. 

.: Emotionally..... pay off your primary.Financially..... use the $$ to buy assets that make you $$...hands down a smarter use of your capital Especially if your interest rate is well below what the current rates have been. 

There has been a lot of emotional damage to both sides. 

When a seller lists their property, they often agree to compensate the buyer's agent separately, though the exact terms depend on the offer made.

All in all - owning a place to rent to other people is a business, and business decisions need to be made based on that cold hard facts and not on an emotional basis, unless someone wants to quickly go out of business.

(Some say the seller isn't really paying because they use the buyer's money and include it in the home's price, but that's a separate issue.)This lawsuit is a small first step towards letting buyers and their agents decide on a fair payment.Consider this: Why should a buyer's agent get paid the same amount whether they:1.Work with buyers for months and show 20 houses, or2.

A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

It has its pros & cons just like any other city though.If you decide to invest OOS, I would recommend a couple of things1 - Separate your agent & your PM.