I love it so far, such a great resource .My goals: I plan on buying my first property with a FHA loan and house hack it.

But went about it this way because I am closing on other properties in my own name right now so we used just the father's financials to qualify for this particular one, and the mortgage market does not allow lending directly to an LLC anymore.Simply put, our goal for tax reporting is to divide all rental income for this one property equally in to thirds, and to do the same for all expenses (mortgage interest, taxes, insurance, repairs, etc.).

There is no one size fits all answer for this. 

Since you're doing your due diligence on this, like I've been doing an I'm new as well, you might want to research asset protection to see what fits your business goals. 

I also found an awesome broker that is all for people using their license however they see fit.  

It just still needs to fit with the comparable properties.

Hi Joel, great goals!

My main goal right now is to learn the ins and outs of the industry, and purchase my first property before the start of 2018.On the reading list right now is:The Ultimate Beginners Guide to Real Estate Investing (Brandon Turner)The Miracle Morning (Hal Elrod)The Book on Rental Property Investing (Brandon Turner)Since these first posts are more meant as an Ice breaker, I'll throw out that my favourite kind of ice cream is vanilla, because it pairs with toppings so well, and tastes good by itself.

Howdy @Ivan CorreaIf you want beneficial information you need to provide more on your goals and what you are interested in.

In that scenario, your main goal is just to refi out the hard money or private loan.