This structure has the benefit of not requiring custodian "direction of investment" or similar hurdles prior to making an investment. 

We are house hacking our mother-in-law apartment and I was curious about some potential tax write offs we could benefit from.

My current situation is that I no longer work but I do get VA benefits so that is what I use as income and my wife also works.

Military and VA benefits How did you find this deal and how did you negotiate it?

If you are planning on using your VA loan again when you PCS, you are required to ‘dispose’ of it (such as selling it) or get a one-time reinstatement of benefit in order for your full entitlement to be restored so you can use it again if you don’t have enough ‘entitlement’ left otherwise you’ll have to put 25% of the difference as a down payment.

Even though it might not apply to you currently because its mainly geared towards new real estate agents like myself, it will still benefit you if you are planning on working with one for real estate investing! 

My question is, when I eventually sell property C for cash (or Biden gets rid of 1031 benefits), will the profit I am making on Property B are treated as short term capital gains or long term capital gains?

I have spoken with them in the past and my interactions have always been pleasant but I would benefit from an unbiased perspective from the BiggerPockets crowd. 

I hope some of the skills that i have acquired and connections made with other trades will benefit me with rehab and maintenance!

I'm trying to start the LLC for liability safety and tax benefits.