You are buying into a business to pass down to future generations, not to mention a vacation home or retirement plan.When I talk about my investments I don’t talk about a 4 unit ugly building in (insert boring/cheap state in the US).I talk about Europe!

Hey Spencer - It sounds like a great idea to generate some extra income with your empty room!

Quote from @Mark Sullivan: Quote from @Tim Delaney: One missing piece of info here is how much cash you have available to invest at the moment.My initial thought was sell LLC B and hopefully you have a few hundred thousand available on top of that to buy the new building.

Single family is restricted to single family, no income generation.

Ready to learn, grow and gain financial freedom and generational wealth.

Also the expenses should be reported to the business activity (the property) they legally are generated from; not necessarily the entity they are paid through. 

Wyoming allows for the creation of dynasty trusts, which can last for multiple generations, often up to 100 years or more, designed to preserve family wealth across several generations without being subject to estate taxes each time the assets pass to heirs.5.

That said, even with conservative rental income estimates, my living expenses would eventually drop to several hundred dollars less than what I’m currently paying in rent once the house hack starts generating income.I do have cash reserves to weather some rough patches, but the idea of pushing my budget this hard makes me uneasy.

I'm in Detroit now for inspections on one and to generate the scope of repairs on the other.

You can ask a generative AI to write the code to pull and save the data to csv and it’ll write pretty efficient codeI looked into them.