1099 employee thinking of starting and using S Corp to buy house

[Kevin Smith]

I am a 1099 "self employed" musician out of Nashville. I'm wanting to house hack ASAP but I show so little on my tax return that I would not get approved. I'm looking into starting up an LLC taxed as a S Corp to relieve some of the tax burden. Could I purchase a house through the S Corp and claim the rental income/mortgage paid as income/expense? Does anyone have any experience in this world?? Is it legal? Is it smart?

[Steven Hamilton II]

Kevin,

You will want to hold them separately. The best financing options will not be through an entity. 

Here is an article on the topic. DO NOT HOLD RENTALS IN A CORPORATION. If an accountant recommends this you should run. 

https://www.biggerpockets.com/member-blogs/7496/90116-9-reasons-its-dangerous-to-hold-real-estate-in-a-corporation