In that case you will need to analyze the comps, and keep in mind operating two units on one property can bring other costs and operational issues.2.

Some have pointed out the fallacy that to be licensed in some way is different upon the operation. 

Hi Ricky,Being in operation for 10 years with mid seven figures of assets and NNN leases,it would be wise to speak with your tax advisor regarding if the tax set up should be an LLC, an S-Corp  or a C-Corp.It would also be wise to speak with an asset protection attorney to find out if this is something that might be beneficial to you in that area.

Thanks, Victor.I have met the people in person, and it's a fairly large, established lender operating in multiple states. 

@Jay Hinrichs Thanks Jay, I will probably bounce back into the government (DOD) with my Special Operations network.   

I operate across the mid-south/mid-west.

Why not take his name off the LLC and put it in your name now while the LLC has $0 of value (or whatever nominal amount your articles of organization or operating agreement say that you contributed)?

Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.

Hey Dan, renting to a sober living operator can be a great idea.

You'll need to do a lot of learning on the order of operations.