We're trying to decide between forming the LLC in Ohio or Wyoming.We've heard Wyoming offers stronger anonymity with lower costs, while Ohio might provide specific benefits for in-state real estate.Can someone please elaborate on the advantages and disadvantages of each state for our situation?

Costs will be far lower, but an owner/operator would still get the benefit of staffing and material efficiencies. - You could consider owning those as rentals and leasing out to the businesses. - You could sell the land to an owner/operator who wants to build assisted living. - You could own and operate those yourself and just hire great management or bring in a management company. 

https://www.votervoice.net/ILRealtors/Campaigns/118318/RespondThis ordinance took effect immediately for the neighborhoods of Avondale, Hermosa, Humbolt Park, Lower West Side (Pilsen), West Town and Logan Square.

The more listings you have, the lower the price per can be, and also, if you choose to have add ons. 

You can see 100% occupancy from beginning of January thru mid-March, but at lower rates. 

[Source: TradingEconomics.com]The number of new homes built for the last 10+ years has been chronically lower than the previous decades.​​

I think it is time to start lowering rates but 50 basis points is a lot at once.

What they will not tell you is that they have the power to lower the price and offer discounts.

Since I am out of state, the plan is for us to buy it together and he will make it his primary residence to get the lower down payment.

You will be able to cost seg that property and lower your high tax burden.