House hack vs LLC dilemma
Hey everybody, I love the idea of househacking and I have been thinking about living in a 4plex with an FHA/traditional mortgage, but I am extremely hesitant about being personally liable to lawsuits & having my personal assets exposed. I would much rather go through an LLC. Assuming I have enough down payment for a 5+ small commercial multi-family, would "househacking" a commercial MF property be the best of both worlds for me?
Could I live in one unit of my commercial property?
Am I silly to assume that there's anything to worry about beyond a personal umbrella policy on a 2-4 unit? I know there are multiple schools of thought.
Asset protection is very important to me. I'd like to hear your real-world experience & advice!