Has anyone had any experience in the assisted living/nursing home complex type of developments?

The buyers need (not request) a full 5%-6% seller assist and become complete menaces and eat into your margins with lengthy repair addendums following inspections. 

Now enjoying "retirement" he loves to assist other new and seasoned investors down the path of financial independence through real estate investing.The Thursday meetup is quite similar and consists of several local investors who can attend when they are free. 

Happy to assist

Maybe this would also make it worthwhile to jump through the city hoops to make the basement a legal unit.Then you could maybe put a LTR in the basement who could assist with the STR in the main area.

I want to understand all fee structures to assist in the income reporting analysis.

That makes a bigger impact on being able to self manage rather than hire help.I don't use the lease from KeyCheck.

Give me a ring if I can be of any assistance

However, if you materially participate in a business or real estate activity within the LLC, the income may be classified as active, which could allow the losses to offset active income.Ex: Self-Rental: If you rent property to a business you actively run (like a business you own and operate), the rental income can be treated as active under the self-rental rule.Material Participation: Material participation is the key factor here.

Thank you for your assistance.