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Can you create an LLC for a multi-family house-hack?
The title says it all. Researching before trying my first house hack in NJ. Can you (or should you) start an LLC for your house-hack? Is it complicated by the fact that you're living in it?
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What most people try to get out of an LLC is liability protection. For the first few properties most investors buy (1-4 unit properties at least), it's not worthwhile. Decent landlord insurance, keeping the property in good repair, and possibly an umbrella policy is all you need.