And here is a video that helps understand how to get the 100 hours for material participation.Another way is to buy a property in a company name and utilize section 469 grouping activities.

In talking with people already in the game, many have told us that long term rentals right now are not a great option due to high home prices and higher interest rates; they would be very hard to cashflow aside from a sizeable down payment.What these same people have recommended is fixing and flipping right now, since homes are still selling.

It's important to understand if this can be corrected or if you are putting off the decision to lose the liability which only costs you more time and money.

I can understand the mortgage being in my name is not great for the fact of piercing the company veil issue you mentioned, I wasnt aware of any other options being that I cannot payoff or refi the loan in the LLC's name as the current rate is low and the numbers wouldnt make sense if I refied.

Most people don't get to say they had a SUCCESSFUL FIRST FLIP!  

Once you have a few under your belt, you'll understand the wisdom behind that.

@Tina LeeThe lengths that people go to avoid the $800 fee still surprises me. 

You’re in a great spot with a lot of amazing people here.

Most people who househack use that as an opportunity to gain experience into managing a property for themselves.

The boyfriend somehow cant understand my explanation.