Account Closed if the sponsor is using The Reg D rule 506 b exemption they can accept Sophisticated investors.

Plus, if you live in one of the units for 2 years, cap gains up to $250k are tax exempt and for us active duty folks, you can "pause" the 2 out of 5 year rule for up to 10 years, which can be huge.

I’m pretty familiar with the area as I used to drive for a living for a long-time in the medical field and I’m just a naturally curious person.We’re also looking for Hard Money lenders if there are any fellow Arizonans out there that can point us in the right direction about said lenders we would really appreciate it!

The type of tenants you get are service workers at Medical Facilities, Labor Technicians, Tier II wage earners in the various UAW Plants.  

Next there needs to be some research on possible capital gains, and to see if your grandmother can use the primary home exemption to avoid paying taxes on the profit  up to $250K if single, and $500K for married. 

Every little bit of feedback narrows things down for me, or makes me think.Well, I was thinking more in the lines of a Medical Supply / Senior supply store,  rather than Adult day care.

@Dave Toelkes  I just saw your first post... duh, can't believe I didn't think of the 2/5 year primary home exemption.

The only problem is that the taxes on the LLC (income) is reported in the K1's for the members, so you kids may get a K1 from the LLC.Don't think the state where you register the LLC will exempt you from income... 

I'm curious if there's much of a demand or shortage for higher quality housing for traveling and short term medical professionals.

., neighborhood grocery store, medical office, etc.).