Unfortunately, short-sale properties can become very time consuming due to Fannie/Freddie regulations.  

@Gene Chandler Thanks for sharing!

I would look into the state regulations to get more information on assisted living.  

Just something to keep in mind since I was looking into the regulations for AirBnB in San Jose (I'm not an attorney or an expert on this, though).

Similar to RRSPs, you can pay yourself out slowly when you are older to reduce taxation.Always good to check with an accountant to be sure what the rules and regulations in one's area is.

How the legislation and regulations are written and interpreted will be a big factor in whether it is worth your while to accept pets.Here in NB, we are allowed to discriminate and not allow pets, but other jurisdictions (ON) that appears to no longer be the case.    

You need to be careful that you do it correctly in order to not violate any SEC regulations with regards to raising and pooling money.

I think the right way to do it is to look for places that have regulation, licensing and tax infrastructures in place.

"It's a whole new business by Gene Trowbridge" is great.

Hey @Austin Works, here are some articles I wrote on BP based on my experiences. https://www.biggerpockets.com/blogs/10042/Right now the biggest concern is STR regulations and permitting.