An example would be a realtor brokerage that buys a mixed-use house in a downtown area, uses the main area for the brokerage office, and subleases/rents any remaining space to other businesses/tenants.

I think it's okay to not have a deluxe backyard, see what the market is demanding.We didn't want to or have the funds to do a full renovation, Here are some things we did when we got our primary ready to rent:-Tore out fiberglass tub and surround in master bedroom-Had new tub and tile surround put in (felt nicer for primary bedroom suite)-New toilets and all new faucets-Hired guy to resurface all kitchen and bathroom countertops-Took down popcorn ceiling and had resurfaced/ painted-Neutral paint and trim throughout (had different colors all over prior)-changed out washer hook-up valves to prevent issues Things I wish we would've taken care of:-regular yard maintenance hired out and baked into rent-LVP flooring throughout (kept mix of tile and carpet)Just did final walkthrough and got keys this morning for tenant moving out.

Have you noticed No matter how wacky how mixed up the doctrine is at the church , they all agree to give ten percent .

If they have any rules about short-term vs. long-term rentals, you’ll want to know upfront to avoid headaches.Also, keep an eye on tax implications – renting while living there can open up some sweet deductions. :) Sounds like you're setting yourself up for success!

Partner Driven used a mix of partner capital and strategic financing to acquire the property for $60,000.

And its only got 2 bedrooms and 1300 sq ft whereas 3 bedrooms from 1300 to 1600 sq ft tends to be the sweet spot for families.I'd knock it down to 1650 to get down to where quite a few sfh's with 3 bedrooms are listed at out there and eat the 200/mo.   

My intention was to minimize my reported taxable income after taking expenses against the earnings through the LLC.I don't see how this would benefit you tax wise.In fact, I would be concerned that by mixing personal business (rental property in your name) with the LLC that you could basically nullify the liability protection the LLC offers  allowing anyone who sues you to pierce your corporate veil because of this co-mingling. 

College towns are usually gold mines for rentals, especially with a mix of 2-bed and 1-bed units.

If STR is permitted there, personally I would never want to mix a property like this.

Sweet thanks so much.