Hi Kenny-Great question about whether you should put a house you plan to live in and rent out parts to others in an LLC.Certainly putting it in an LLC would help with asset protection and limiting personal liability.However, you may lose the ability to claim the part of the house you live in as homesteaded tax rather than the higher non-homestead investment property tax for the entire property in an LLC.

Asset Protection:While owning properties in your own names may have tax advantages, it does expose you to personal liability.

… heck ya… but I was more scared of being stuck in the same place and losing money on this new rental I just launched, I was a 100% newbie)I personally came into the mentorship program just to learn how to get travel nurses in my rentals (at the time it was my 1st rental property) . 

@Zhen Yuango look in person. 

Personally, I've been in the mobile home investing space since 2007 without going the section 8 route.

No, you shouldn't, and the cash flow has to make sense for your personal situation and goals, but saying "you are not banking on appreciation" is in my opinion saying that "you are not banking on the stock market going up over the next 10 years", when the majority of peoples sole retirement is in a 401(k) with the whole idea of the market going up.

I also went to meet Wagner and his team personally at their Orlando office.

@Aaron DuboisI don't know what your personal situation is, but can you house hack an STR with your own capital? 

A developer would be a good person to talk to as well if you can find one.

Renting by room to the max occupancy to minimize the outflow of your personal cash into the property.3.