HostGPO charges you a fixed monthly membership fee.

Income would be from hunting dues and timber harvesting, expense would be conservation management, taxes, and the mortgage.

What are the fees?

However, I’d like to have a space of my own before living with others again (I plan to house hack again with my next property).I’m seeking advice on how to move forward, as I need to consider things like utilities, taxes, landlord/umbrella insurance, and managing the property, especially with someone renting my garage.Specifically, I’m curious about renting out individual rooms and living on my own for a little while.

Rentals generate passive income, so an S-Corp offers no added tax benefit.

Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.

I used to live in the city and the taxes and water bills are nightmares.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

It is your first year when you get the major tax savings windfall due to cost segregation and bonus depreciation.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.