If you live in the house, and an LLC owns it.....there is zero liability protection created by that LLC.

You're trying to create a battle that isn't there.

It’s designed for small businesses and landlords, allowing you to create multiple accounts for rent deposits, maintenance, and taxes.

When I learned about the situation, I knew I wanted to help preserve the family property and also create a solid investment for my future.

Areas near oil production hubs could experience economic booms, creating localized opportunities for real estate investments.Beyond these broader economic initiatives, Bessent has been vocal about extending or even expanding the 2017 Tax Cuts and Jobs Act (TCJA).

Hamrick and I look forward to many more years of unique, interesting, and profitable investments with you and your fine team of real estate investment specialists. 

Balancing salary, distributions, and employer contributions can optimize tax efficiency while keeping you compliant.This post does not create a CPA-Client relationship.

Would it be a good idea to create an LLC, let's call it "2500 Oak Street LLC" (fictitious new address) then list the new LLC as the owner of the home?

I have found my market and have created my team thus far. 

This will create your new basis.From an operational perspective, you might want to touch up a few things on the place to make it more rentable.