You aren't meant to hold these debt types in place for very long as they have big issues over time.

Tax Write Offs: There are certain tax benefit to house hacking because you blend benefits of primary residence with rental income.

It's very intuitive and has key functions that I really needed like the ability to quickly categorize transactions into categories that sync with your Schedule E for tax time, the ability to set up accounts for each property and sub accounts for specific things related to each property.

If I pay  his water bill how do I expense that in my tax returns.

I have a tax question.

I have a real estate portfolio with good amount of equity (most of the portfolio is free and clear), however my personal DTI ratio is too high and that's stopping me from tapping into it to settle some debts and buy more properties.

Sac is great market as well, but a little less favorable for taxes, landlord laws, etc. which is what attracted me to Reno. 

Thanks,Robert Robert,Would either have to look into some kind of a Quit Claim Deed to transfer it into your entity, or just fully refinancing either cash-out if you have any equity, or doing a rate and term refinance where you just transfer the existing debt in the property into your LLC.Payments could go either way, by being a member of the LLC, any rent payments could be linked to you pretty easily.

DSCR is great for Self-employed borrowers or business owners who write off a lof of debts and show little income.

This way, the seller gets 87k in hand, won't pay nearly as much taxes up front on a huge cash sale, will still be generating about the same amount of income as he is today, consistently for 20 years without the headache of managing it or insuring it.