In answering the where to live question, things about the quality of life things that are important to you and work backwards from there.

I think the most important thing is having it done by an engineer  

I'd recommend reading these articles on BP for answers to all your questions!

Congrats on submitting that offer and perusing Senior living, either for you or your client.I have been involved in the purchasing process for several senior living facilities, and work closely with a few people who operate RCFE, sober living, and similar types of properties.From what I have learned, the most important thing to keep in mind when purchasing RCFE properties, is that you are also purchasing a business.

Here's an article with additional FAQs on cost segregation studies that you may find helpful.

This method allows each partner to defer capital gains tax on their portion of the property.It's important to perform the "drop" (distribution of property to partners) well in advance of the "swap" (sale or exchange) to comply with the "held for investment" rule.

I am meeting with an attorney in the next few days to discuss business structure, and other things, and after that my goal for March is to have a meeting (along with my business partner) with an awesome MLO that was recommended by the great @Jonathan Klemm .Important thing I wanted to plug here is a free mastermind meetup I am planning for March around Naperville.

There are many articles and podcasts from BP that they talk about that.The main thing is fill you up with as many information as possible.

This deal was referred to me by a good friend, which means having a great network of like minded people is extremely important.

I think in the private money space especially, @Jay Hinrichs approach is super important.