Updated about 4 years ago on . Most recent reply

house HACKING
I am thinking a house hacking but it's with the house that I already own.....
1) can I form a business, have the business buy my home from me (or just let it "assume" my mortgage) and then pay rent (at fair market price above my current mortgage) to the business (corporation) as I use the general numbers (cap-x, management fee, utilities) and depreciation advantages like a rental?
2) Or am I just cra cra for thinking I can do this;)
Thanks for all your help and effort!!