Here's a list of expenses:Accounting Advertising Insurance (fire and liability) Janitorial Service Lawn/Snow Legal Licenses Miscellaneous Property Management Repairs and Maintenance Resident Superintendent Supplies Trash Removal- Taxes - Real Estate Personal Property Payroll Other - Utilities - Electricity Fuel Oil Gas Sewer and Water TelephoneThanks in advance!

Don’t put the house the same name as your business for liability reason unless you want to make it part of your business portfolio 

But, an LLC will not limit you from liability in total.

It might seem like your being paranoid our untrusting but .... at the end of the day its your future asset or liability.

(It lists my husband’s age, but again, don’t know the age yet, it is yet to be rehabbed).Also the policy states that it offers ‘Family Protection’ instead of liability protection.

As a house hacker, if I were taking in a new tenant currently I would put a COVID-19 statement in the lease with a release of liability for you and the other tenant(s).

If, on the other hand, you plan to get into cash flow positions with the aim to ultimately replace your income or develop a passive income position, you might need to approach the situation differently.I would also calculate how much a 15 year refi for your current home would look at a much lower interest rate versus another 30 year if one of your goals is to get rid of the liability of your home.

My best guess (I'll be the 1st to admit I may be wrong about this prediction) is some will make it through and we will likely see AZ laws that are clearer about noise violations and their consequences, liability insurance requirements for landlords, owner contact info on file with the city and/or county.

Liability: What would/could I be liable for?

Rather, why not sell (or at least pay off) your income-sucking liabilities?