S Corp and Owner Occupancy

[Kristin Clarkman]

Hi BP!

As new investors we are about to get into our first multi-family property with owner occupancy (house hacking!). My husband and I will be buying this property in Washington State through an S Corp . Does the S Corp designation affect owner occupancy, if at all? Or do we need to buy personally since we are owner occupants?

Could we essentially pay ourselves "rent" from our S Corp? Could we use outside income to supplement the S Corp?

Any insight would be greatly appreciated as we navigate some new waters! Thanks!