Since the home health is provided by a third party, the community does not need to be licensed as a care facility, so costs related to regulatory compliance with inspections and staffing are facilities are not added to the cost of care.

I'm doing more research because I do not understand how the SEC or Licensing bureaus are also not involved.

The unique part is the additional basement garage.

And, on top, thanks for teaching us how to live and party!

I also got involved with a builder in Florida who has yet to produce the first of three houses they're contracted to build, which was a major hit to my available funds as well, setting me further behind.I also figured if I fell a little behind in saving (18 months instead of 12 months for example), I'd still be making progress.

It would be a direct sale with no brokers involved. 

Clearly this structure has been discussed amongst prospective partners since "Mike the builder" has instructed the parties how the purchase agreement should be papered.  

Although the cleaner is probably the most important piece to the puzzle for your STR success, there is alot more involved with managing it.

Out of state investing involves too many moving parts.

The primary form of diligence we see on the forums is "what do you think of XYZ sponsor and deal" whereas the common form of diligence in the space by institutional investors, large investment groups, family offices, and sophisticated investors involves following the sponsor for years, underwriting the deals, validating rent comps, background checks on the general partners, and a host of other diligence that materially de-risks the investments.