But once you declare to be running a trade or business - then 1099s do come with the territory.If you really want to avoid 1099s and decide to claim to NOT be running a trade or business - be prepared to lose your business overhead deductions upon an IRS audit.

I've also talked to my current lender and we decided to wait till we get closer to maturation in hopes the rates will go lower. 

After that first one, I decided that I wasn't going to supply appliances and everyone thought I was crazy, especially when I did the same in the houses rented out section 8. 

If you renovate for a flip and then decide to BRRRR you will likely get less than you expect because the finishes will be too nice for a rental (depending on the neighborhood, it could work where you are in that price point).

I think dismissing potential ideas on the basis of them being too complicated is an awful mentality and I would rather know exactly why it wouldn't work or a path that would make it work and then decide for ourselves if it's worth it or not based on the steps it would take.

@Brennan CoulterWhen deciding on a house hacking strategy, consider your lease timelines, market conditions, and available opportunities.

Hello, my name is justin and I have recently been listening to the BP podcast and decided to take the next step to learn more and come onto the website.

I have decided to simplify my structure.

We decided to make the unit all electric so we didn't have to worry about the gas bill and the meter is already split for electricity.

Go small, learn fast and decide if this is the path you would like to take.