And enjoy additional income from the tax you don't have to pay.

It's also recommended to talk to lenders about any potential impacts on financing or loan terms when forming an LLC.A revocable living trust can provide benefits for estate planning and asset management, but it may not offer the same level of liability protection.

want to get to a point that I am living off unearned income and not earned income. 

Carrying out a comprehensive property analysis is key to pinpointing amenities that will draw in tenants and optimize rental revenue.Decide on your plan for house hacking- will you reside in one unit and lease out the other, or rent out both units and live elsewhere?

Title transferred to a living trust of which debtor is beneficiary.  

Although my rental listings has been live for over a week, I have had very few leads from them.

I live in North Dakota so we get all the weather extremes.

Nobody but us enjoys it, and it results in one of the two bad outcomes: either we confuse the heck out of investors, or they run away with a dangerous simplistic conclusion that Brandon/Michael/Ted/whoever else said Yes/No - when very rarely these debates have a yes-no conclusion.

You'll remember it forever and hopefully you keep it for a while to enjoy the long term gains.

A friend of mine owns a duplex in Mayfair that he lived in the first floor and rented out the second floor.