The borrower is not personally liable for the loan, and the lender cannot seek additional repayment beyond the collateral.Since the borrower is not personally liable, they can choose to make larger or additional payments to pay down the loan faster if they wish.

Personally, I've been in the mobile home investing business since 2007.

The purpose of house-hacking, as you're aware, is to benefit financially from another tenant/roommate subsidizing your cost of living. 

Are they different for rental property vs personal?

Does having an LLC simplify any of that vs doing it as part of my personal return?

Have I personally advised clients on alternative financing transactions? 

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

This was a great purpose for them, but I do not recommend them for a value-add at all. 

Upon seeing this name again, I looked it up online and found that the person it belonged to had a number of articles from our local news station for a number of crimes, to include forgery, identity theft, impersonation, etc. 

From my understanding, Lightning docs are just general legal docs that are for a particular purpose.