He is young and very fit, so fortunately it looks like he will be okay, but it made me think about what my wife and I may need.When I quit corporate I was first in camp "screw health insurance and pay cash for doctor", but learned quickly there are some real limitations, plus in our screwed-up health care system you pay higher prices when paying cash.

There are several National Insurance companies that could easily handle 1.6M. 

If I had to try and sum it up it would be: Form a corporate entity for asset protection; buy properties using leverage to maximize the use of your money; write off your expenses through your business  including depreciation, taxes, insurance, repairs, etc to maximize your tax deductions.  

We've worked together 20+ years and they're a national lender with full spectrum of residential & some commercial programs.

The laws that were passed in FLA and GA need to sweep the nation. 

if you talk to other investors that flip properties the majority will tell you that they have an S-Corp or LLC with S-Corp election. 

Many banks are at the national level.  

You would benefit to consult with a corporate attorney and CPA in your area before making a decision and to come up with your plan.

My lending entity (i.e. my LLC) has a bank account at a national bank. 

I know CMS becomes less of a payor and more of a National Health Service every year, but you aren't having to actually get your facility accredited or medicare certified are you?