Hi everyone, hoping to get your input on a rental situation that’s new to meI have a single family property a in a B class neighborhood that I hire out the landscape maintenance.

Current situation I recently moved back home with my mom to increase my income and pursue my education full time ...

They'll also be able to help you determine reasonable compensation (an important aspect of S-Corps), and also help you with the cost breakouts of the sale.Please note that I don't know every detail of your situation, so the strategy I mentioned may not completely apply to you.

I'm looking for an SLC house hacking situation (2-4 unit properties and/or single family houses with rentable basement/apartment/guesthouse) near Liberty Park or the Marmalade Library, but my primary goal is just to meet with as many local community members as possible.

@Christopher Courter   are you in that situation? 

The example they used was Morris setting up a liability policy for a situation where their reputation was destroyed and they got sued by investors.

Columbus Ohio has been a crazy hot market for the last few years, and everything I looked at (on the MLS) was in multiple offer situation or had zero to negative cash flow.

My situation is time sensitive so I am ok with not getting a home run deal.

I am hoping some of you can help provide clarity to my situation.  

I'm not a finance guy and i don't know your financial situation, but you would probably need close to a 200k yearly income to purchase that on FHA loan and i have not seen too many young families to be able to do that.I'm guessing you are already pre-approved though if you are already working with other realtors.My advice to you would be to be more realistic with what you want and what you can afford and what you should offer to a property you like in order to have a chance to get it.If you had purchased a 400k property 2 years ago, you would already have about 40-60k in appreciation so keep that in mind next time you put an offer on a property.