Better Mortgage Corporation

Tennessee doesn’t have personal income tax but if we create an LLC we would have to pay state income tax.

And obviously, it rarely cash flows unless you can find property with an existing source of income that can be added to (a savvy strategy actually). 

I think it’s in “coming soon” phase.  

Foundation and roof work are very expensive.It sounds like a good house hack based on pricing and rents, but make sure you check crime and median income to justify rents.Exciting!

Definitely go with quality properties vs. quantity.If you buy the low income properties, you will attract low income people at tenants. 

It is the funding that I am lacking.I feel that I am in a stalemate and the only way to purchase my first rental property is to generate more income than I am right now to get to the point of being able to pay the downpayment.Thank you all for reading this post and I appreciate any responses and advice.

I am exploring STR as a strategy to use accelerated depreciation to offset my W2 income. 

I already have a Canadian Corporation (CCPC) in British Columbia.

Accelerated Wealth Building: Room by RoomHouse hacking allows you to tap into a unique source of income by renting out portions of your home.