The judge will say this LLC is a sham and you and the LLC are the same. should I have a fake partner (not that the partner doesn't exist, but he contributes $1 to purchase the property) so that it's not a single member LLC?

Good luck with the build!

@Connor Chatlos I would say the part AFTER a client signs a contract is when the real fun begins.

Unit 1 is currently 1B1B and unit 2 is 4B1B, but the listing agent said the 1st unit could be converted back to the original 2 bedroom making the 2nd unit a 3 bedroom if wanted/needed.

Since it is the product of a divorce proceeding the IRS will go along with the divorce decree.

The reality is if you are putting 5% down and the numbers work, why wouldn't an investor putting 20% down just buy it?

I am very new to the space and brand new to the bigger pockets platform.

The property in question has commercial space on the ground floor with two, 2 bed/1 bath units above.

We have been pondering the idea of house hacking. 

Hey everybody, I am new to the bigger pockets forums so I just wanted to introduce myself.