I intend to open and operate my residential assisted living facility in MI.

He contributes 25% of cost to LLC and you in the operating agreement create a path that get them paid back.

These are small projects with quick turnarounds, geared towards operations that are within my capacity to manage, providing passive cash flows for investors who want to make a small entry into this region.

Set up asset protection that is cost and operationally appropriate for your net worth and in ALMOST all cases AVOID the exotic plans that require a foreign asset protection trust domiciled in Nevis, administered by a Netherlands corporate   entity located in Luxembourg, with documentation kept by an attorney in the Bahamas.   

I love this model as an operator, but for what it’s worth, we’ve looked into purchasing campgrounds with this setup before and it gets very messy very quickly.

Peeling paint, inside or outside, handrails on stairs over 2 steps, broken glass, working electric and plumbing and operational heat source. 

Additionally, I own an adjacent parcel with 5 acres of coffee and have obtained permits to operate an agricultural tourism business there, with entitlements to build two more dwellings.The estate is situated within a gated community, and while it’s a remarkable property with a lot of unique features, I’ve encountered some pushback from the neighbors, which has made me reconsider my position here.

Multi-Family may require more maintenance (Con) but that cost may be offset by installing a coin-operated laundry room (Pro)3.

Did you create an LLC for the purposes of operations and management, i.e. book keeping, income/expenses, etc.?

Hello BP Community, Why is P&I / Debt service included in NOI and not factored into operation expenses when adding up GOI ?