What it will help you do is set a very high and above market GP compensation structure for deals by inflating the expenses to give the appearance of not being able to hit those numbers, only to close and reveal much better actual performance, triggering your promotes.

If you're not set on a specific market, it's worth waiting until you choose, as forming the LLC in your target state can simplify compliance, property registration, and taxes. 

Another option is exploring secondary market platforms like NotesDirect or Paperstac to streamline sales.Hurdles you might face include ensuring clear documentation, compliance with DSCR underwriting, and strong borrower credit profiles.

Since the home health is provided by a third party, the community does not need to be licensed as a care facility, so costs related to regulatory compliance with inspections and staffing are facilities are not added to the cost of care.

Consulting a tax professional is key to ensuring compliance and maximizing benefits.

I'm normally not one that advocates trigger-happy decisions, but IMO this kind of investing needs solid boots on the ground, and you're out of town.

How do you make sure you have enough funds to pull the trigger on a deal?

Key Steps Before ProceedingContact the Loan Servicer: They will guide you through the assumption process and confirm whether an entity can participate.Consult an Attorney: If you’re considering title transfers or joint ventures, an attorney familiar with VA loans can help you navigate potential risks.Understand Due-On-Sale Clauses: Ensure any post-assumption changes comply with the loan terms to avoid triggering repayment demands.Final ThoughtsVA loans are a unique and valuable financing tool, but the program’s focus on personal borrowers makes entity-based assumptions unlikely.

Therefore, transferring our jointly owned investment property into my SMLLC would not trigger a due-on-sale clause?

Originally posted by @Mehul Parekh:Still haven't decided if I will pull the trigger with CM, yet.