As long as its space within your primary dwelling unit you still qualify for 121 exclusion (vs. if you were renting 1/2 of a duplex it would impact it)Whether in your name (sole prop) or a SMLLC- there will be no difference ont ax savings or on your 121 exclusion. 

Our buyers pay 12% interest and 3.75 points to you as an investor.We are Buyers, Lenders, and Mentors, a tight knit group and we work together to make money on our deals.I'm located in NC, but I have business at NC, TX, SC & GA. 

The market's tight but the properties are there, albeit 1 or 2 at a time!

Property is near Space Center Blvd.

In addition, a separate living space/500 sq ft area that was built in hopes to convert to an ADU that the former owner never got around to.

In addition, a separate living space/500 sq ft area that was built in hopes to convert to an ADU that the former owner never got around to.

When we crunch numbers on rehabs the ARV is usually tight. 

This is a serious look into my first commercial property.I'm running numbers for a commercial medical space for sale at .144 cap rate due to a full service lease being renewed annually.

Also has a larger lot and currently I have one parking space rented to a neighboring tenant on another property.

I think I could handle the tax preparation myself, but I have some questions around how to divide up the house between the rented portion and my own, and how to depreciate some renovations I am doing before renting out more of the space.