If you get into more complex investment strategies where cash flows are not evenly distributed, then you’ll need IRR.

Does it make sense to pay this much money to do your taxes especially if you're not running a complex tax strategy? 

Sourcing and acquiring deals these days is a little more complex than several years ago, depending on your connections, resources, etc. 20% equity hold for all of the work you'll be going sounds slim.

Your expertise could prove invaluable as I navigate this exciting but complex process.

That almost defeats the purpose of trying to attain wealth.Regarding having a small business, you may be eligible for different types of retirement accounts, deductibility of health insurance and other things.New Jersey also has a complex tax system - It may be worth while to work with a CPA in the tri-state area.

I get how you are looking after them so they don't have to carry heavy furniture upstairs to their room but for example if you get an apartment, the apartment complex is not going to supply you with furniture because even though you might have to carry that furniture upstairs it is still understood that you would be bringing your own furniture.

Purchase price: $4,800,000 Sale price: $9,200,000 16 unit townhome complex.

They are developing two ground up apartment complexes as well as renovating a school that was slated to be demolished.

In other marketplaces where home values are substantially lower and cash flow is higher, you can put that $1M towards buying multiple cash flowing properties, or even become a stakeholder of a larger apartment complex (also known as syndication). 

The more complex something is, the less likely to get the masses.