I don’t suggest you using up all your remaining personal emergency money for this though.

Once you "flip" the contract you give away the lions share of the profits2.

note though that it is rare for a personal home to be a best investment property.  

I now house hack a duplex and my partner hates having the tenant sharing a wall with us.

The average person should be able to read a law/code/statute and understand what actions are illegal for him/her to perform.

Any advice or shared experiences would be greatly appreciated!

Please, head outside and appreciate our shared humanity.

You just didn't talk to the right person.#1. 

Does anyone have personal experience with either of these?

So then the house is 10% owned by The Person, and 90% owned by The LLC (income and expenses shared accordingly).Now this year say I want to take the same percentage (10%) - and say it's a flat market and the house is still appraised at $500,000.