QOFs can make investments in a wide variety of real estate and new or existing businesses, including commercial real estate, housing, infrastructure, and start-up businesses.

Secondly is this currently rented by the room or rented as one whole house?

We'll be listing our primary home for rent in about a year, so adding value to that (e.g. creating a 5th bedroom), and then qualifying for an owner-occupied mortgage in our next city could be a good start. - @Michael Dumler Hahah it was time for a pivot away from my full time job in tech anyway.

However there are some reputable new construction builders in the area.There is, as you likely know, a housing shortage and, once Caesars Casino opens at the end of 2024, they anticipate 2 million visitors a year. 

We are pursuing a house hack (fixer upper) and turning the basement into an ADU which we rent on Airbnb.I had a theory that Airbnbs that performed needed to be walking distance to a metro.

Since this is an owner occupied property, the ability to repay is not there and if the wife ever defaults in the future she can claim it was a fraudulent loan.2.

I had my first house hack go very well in a class A neighborhood.

If you’re just looking for a good investment look at an owner occupant 15yr loan and your interest rate will be the lowest.

For those that put the real estate in it's own LLC, who do you usually list as the owner of the LLC?

If the prior owner made a lease with the tenants and you purchased the property (and the lease), I doubt you'll have much luck evicting them just because you don't like the rent amount or lease term.