This tax is designed to protect tax-paying businesses from unfair competition from tax-exempt entities.Running a self-storage facility is a business. 

This is a very common situation with most investors trying to find a way to scale, and it is really nice that you are looking for solutions proactively.

Thanks Meghan, this would be my first purchase so looking to start with a smaller sq ft facility, around 50k.

I am looking into buying my first self storage facility.

Our current focus is for a family lakehouse / lifestyle play here in TN but would like to work my way into commercial properties, short-term rental facilities, business acquisitions to name a few.

Assets identified in this study include:Recreational Facilities: pool and pool deckSite Utilities and Infrastructure: Utility connections, signage and site lightingLand Improvements: Sidewalks, landscaping, fences, parking spaces62.28% of the total depreciable basis was classified as 27.5-year class life.

I'm also trying to find a way to "sponsor" their stay at a senior living facility for "x" years in exchange for the house.   

To give better advice, we would need to know what your overall goals and situation are. 

I work in group home settings for a living and at my previous facility there were two clients per bedroom which would give you potentially 8 in your house while at my current job there is one client per bedroom which would only be 4 clients in your home.

Depends on type of facility.