Bought the house with built in equity.

Mike -Forming an LLC is a good legal best practice to house a RE rental and would be a Schedule E transaction for you.

I'm just over the hill in Reno, NV and have successfully house hacked twice.

You get accused of taking advantage of an elderly person not only will you not get the house you’ll be in jail instead. 

(assessed value of the house, or price listed on the ad) x the tax rate of that state! 

House was renovated, with tenant with at least a 2 year lease, management team handles any issues, monthly rent and reports on time each month. 

with help of AI:for a room to be legally considered a bedroom in California according to building codes, it must meet the following key requirements:Entrance: The bedroom needs at least two methods of egress - it should be accessible from inside the house (commonly through a door), and have one other exit like a window or door.Ceiling Height: At least 50% of the bedroom ceiling must be a minimum of 7 feet in height.

Fair housing laws require that certain forms of income MUST BE considered.

I am passionate about real estate investing and I am particularly passionate about commercial, small multifamily, single family houses, apartments, notes, condos, mobile home parks, self storage, wholesaling, development, short-term rentals, flipping, rentals, BRRRR, and house hacking.Outside of real estate, I enjoy helping fix the financial goals towards retirement, help people looking for health Insurance, Life Insurance and annuities.

@Jaekwan LeeWhen I have house hacked, the properties have never cashflowed (with me living there).