There are endless strategies for house hacking, and I have worked with clients ranging from single individuals up to full families, or couples with a new born.

You can also compete against cash offers with cash offers.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

My point here is the fact that being a real estate agent is a very exponential process for most individuals.

The seller is an individual that I have worked with before.

Cashflow gets deposited into the joint account and then paid out to the individual owners based on their share.

My thought is then using an investment property and renting out the rooms to individuals (probably college students).

Hi everybody- One of my goals this year is to build/join a team of high character individuals in the business (agents and brokers, local lenders, attorney, CPA, contractors, property management, and so on...)  

Keep in mind your individual goals determine what a good and bad deal are. 

I think your friend needs to contact a competent attorney in the state and preferably the county where the property lies for accurate advice as to if there is a judgement against the LLC and if it attached to the real property.