Taax Strategies with House Hacking
-I plan to start house hacking my 3/2 house when I get back from Deployment. My house is on a VA loan and I plan on renting out 2 of the bedrooms to completely cover my mortgage and to help save money to invest in real estate.
-I was wondering "How" do I take advantage of Rental Property investing tax advantages on my primary residence? Can I write off certain expenses like "Dinner eaten with tenants to maintain happy tenanat relationships" What all expenses could be written off for house improvements or maintenance? Also could deprecation be written off like it is with regular rental properties? Could I place the house in an LLC and then pay myself rent with the other tenants? Would this be better or worse than the tax advantages given to primary residences?