The "wholesaling flipping only"crowd out there in REAL ESTATE INVESTING are missing the boat, like having pancakes every day for breakfast

The reason for this is land eats three meals a day interest for breakfast, principal for lunch, and taxes for dinner.  

You go to breakfast, lunch, and happy hour with the players....It's a long game as many holds are 3-5-10 years. 

I’m looking into opening a bed and breakfast business, ideally with an event space.

Big burly guys that drive jacked up 4x4s, smell like diesel fuel, chew tobacco for breakfast and have neck tats. 

It’s schedule E unless you provide services like cooking breakfasts ( think old school b and b’s).

@Andrew Simms I don’t remember what it was because it was about 12 years ago but I got waterproof/spill proof bed bug repellent mattress pad covers for my bed and breakfast and never in 11 years had a bug problem or a stain on any of my mattresses.

Here are the most common: Transportation ServicesDaily CleaningConcierge ServicesProviding Food & Beverage (Bed & Breakfast style)Conducting tours and other outings & eventsSo, what can you provide without triggering self-employment taxes? 

ATX-$5,671 as of 2023Location:Easy to get toIdeal near churches/schools/close to familiesMetrics for how many senior are in areaLook up to see senior safety and numbers/quality of life in round rockSome key things for senior to do in the areaProperty:Clean and invitingPhysical spaces(public/private areas)Kitchen(services offered,dining space)Amenities and activities for the homeStaffing:Hands off; oversee and manage the manager approachHire staff to be hands off from day to day operationsHire licensed admin duties:hire/fire/train staffTours of facilityWeekly meetings with me to go over businessCaregivers Chef Activities:Social interactionMind:AudiobooksBoard gamesMusicBody:YogaWater aerobicsLow resistance band trainingInvesting in activities to keep them vital, active, happy, and healthyFood:Number 1 or 2 most important activity in the homeNational average per person per day is $7-$10/dayHave a chefMade to order breakfast, set lunch(few options), and quality made dinner optionsChef adds the luxury feature for residents improving quality of healthGreat selling point for the familyCan have option for family dinners once a week(optional upsale)Reserved dining timeFirst come first served time slots60 minute reservation times maxOnce a week onlyFacilities:garden care facility-DenverHampton senior living-round rock(closed)sundara living-round rockBusiness plan key details:Business & Operational plansTypes of clients i’ll be servingLevel of supervision & assistance business will provide Level of care/home setup for ADL home will provide How business will manage day-to-day the personnel, clients,and business activitiesDaily schedules, structured activity programs and emergency policiesFinancial assessment of your current assets, fee structures and accepted payment methods

Another one pre-Covid is fine the locals at the breakfast/coffee spots in the town you are investing.