This is more of an accountant question with some of the particulars but if you had that as your primary residence ie where you file taxes from where your mail goes etc. then probably.

@Anjali KhetarpalOn top of all suggestions regarding mortgage freezes, You may want to see how the CARES act can help with unemployment benefits particularly in the hotel industry.

I read Craig Curelop's book on househacking, but was wondering if any of you had some firsthand experience with doing so yourself, particularly in regards to tracking expenses and boarder income (by the room), following and making the most of tax laws (I'm completely clueless), and just overall getting the most out of your househacking experience. 

Particularly in times like these it would be good to see more cooperation, collaboration, and a view that works towards expanding the pie than carving out a diminishing slice of it.  

For Indy in particular, it can be tricky to find a turnkey ready 3br 2Ba and still cash flow significantly (though I think there are still plenty of areas where a BRRRR would work nicely). 

I understand that the reason for this is to minimize any risk of being sued etc. in other words, if someone broke their ankle on a particular property and they decide to sue, if the property is set up as is own LLC the plaintiff makes a claim against only that property.

URAR is an acronym for Uniform Residential Appraisal Report, just like USPAP is an acronym for the Uniform Standards of the Professional Appraisal Practice - emphasis on the word uniform in both cases.Armed with a uniform report format developed by appraisers beholden to a uniform code of conduct, lenders from CA can obtain an appraisal from a property in WI and make a decision on the value without wondering what the particular appraiser is attempting to communicate - in other words there is a very real need to keep it simple so the whole machine of lending across state lines goes smoothly.

@Kristen ShookIn this particular case, sounds like you could skip the real estate agent.

I didn't know your particular situation or that you lived in a small college town when I wrote this.

We've been searching for almost a year for a house hack around Baltimore with decent public schools, so when I saw this particular home I put on my rose colored glasses.