I am aware of UBIT tax and I am in the process of exploring other options on how to minimize the impact of it.4- This is the first time that I hear about equity participation note.

A large home for seniors who need minimal/no health supports with shared kitchens and bathrooms.

I certainly expect to make mistakes, but hope to minimize through mentorship from others, and what knowledge I have gained through appraisal experience. 

The fact that so many of these posts are from people who've never (or minimally) posted before and they are overselling it, even to the point of offering to pay for your first month, is suspicious. 

So it’s in your best interest to maximize profits in the rental property and minimize profits in the property management company

At  most it might indicate where their values lie. 

One thing I discovered recently is they make heavy use of the Schedule E from your tax return, so if you clean up your Schedule E (eg by minimizing repairs and maximizing CapEx and accelerated depreciation), you should be in much better shape.  

Prices and rents continue to increase steadily.Sales - $/SqFt by Month(Click to enlarge.)The median sales $/SF was up 9% YoY and 6.7% YTD.Rentals - $/SqFt by MonthRents rose 4.3% YoY and 6% YTD.The Market Remains HotFollowing the rapid inventory decline starting in Q1, the number of days on the market for sales remained below 17 and for rentals below 19, indicating strong demand for both.Sales - List to Contract Days by MonthRentals - List to Contract Days by MonthRental trends tend to follow sales.

They may also indicate, that it is more likely covered by your insurance on the unit.

Most cases with Hard money it is temporary financing with minimal standard guidelines.