I was recently let go so I decided to start my own business.

Read this: https://www.irs.gov/businesses/small-businesses-self-employe...Second, compensation is always issued to the person working.

My business partner and I actually own a portfolio of STR's in the area, so if you wanted some insight on that business I'm happy to share as well!

My business still needs to sustain itself.  

What is their book of business?  

Here is a source.https://www.ftc.gov/business-guidance/resources/can-spam-act...

I am a general business major and also currently working on obtaining my real estate license to become an agent.

You will find that every PML has a different business model.  

Give your state's 'cure' term ("In New Jersey, a tenant has three business days to pay rent and court costs after a judgment of possession is issued to avoid eviction.

Congrats on submitting that offer and perusing Senior living, either for you or your client.I have been involved in the purchasing process for several senior living facilities, and work closely with a few people who operate RCFE, sober living, and similar types of properties.From what I have learned, the most important thing to keep in mind when purchasing RCFE properties, is that you are also purchasing a business.