Will you be able to generate owners account and operating account separately?

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.

If mine were a small place, I wouldn't worry as much. 

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.   

Well, okay a bit of an exaggeration, but they are distinctly different skill sets.The problem is you believe you've already achieved and I'm not sure you could tolerate someone else being the brain of the operation.

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.

It's really helpful - mine is probably tilted to RE heavy (my friends are horrified lol) and I think I want my overall portfolio to look closer to those percentages. 

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