Can I Pay myself rent?
The question is pretty straight forward....
We're selling our personal home with the plans of building a future long term home. In the meantime, we have the opportunity to live in one of our rental properties until we get things moving (could be 6-12 months). Some more details... All of our rental properties our owned by a single member LLC with myself as the sole member. I was thinking myself or my wife could write the corporation a monthly rent check just like a normal tenant would just so the business would maintain an income stream on that property. What's everybody's thoughts on doing something like this? Is there a better, more preferred way? Cheers,