Nearly all of my incoming vacation rental investors in Colorado have dual goals -- to have an investment property in Colorado and also to use it for personal use.

@Raeshelle Cooke I think you can take out a business loan since it does not post in your personal credit.

Going forward with the business, aim to never use your personal credit, but aim to use business credit. 

How should I set up my business structure so that income from my rentals doesn’t increase my personal income reported to the IRS?

I haven't personally house hacked a room, but I do know some people who have.

We personally fund rural deals all the time -- unfortunately, we don't lend in Minnesota.

If the latter, give her notice, if the former-hopefully your lease has a clause about allowing people in to repair things (with notice) and that they (tenant and repair person) need to be respectful.

Mentors for me have come in the form of friendships over time, but honestly, most of them were made at an IN-PERSON MEETUP....there is something about physical energy that makes a huge difference.Happy to connect to share some of my experiences!

Personally, I would pass.  

it was vicious.what I liked coming out of this was so many that were bought with cash those folks don't lose houses.. and if someone is buying in this model I personally feel they need at least 10 to 15k in reserves on a hand to sustain a bad tenant run. the negative cash flow folks were CA  NV  AZ FLA  ..