I am super familiar with this strategy - my fiance and I own and operate 6 sober living homes in the Denver metro area. 4 out of the 6 we own ourselves, 1 we rent and the other is a franchise model.As far as renting to sober living operators - I HIGHLY recommend considering it!

But my dad, doesn't want me to own any, and suggests that I work at a franchise and just move up the coorporate ladder from there to get a feel of business and then he'll entrust me with his money to start opening more franchises. 

Keyrenter is a national franchise with over 10,000 properties under management across the country, and while we do manage multi-family, we primarily manage single family homes for investors.

I am semi retired at age 44, I sold my franchise business 1 year ago and have a very good idea of what it takes to operate a business successfully. 

Consider if it will truly benefit your tax position, liability protection, or asset management, or if it will just add unnecessary paperwork.If you’re in a state like California, keep in mind that you’ll have to pay $800 annually to the Franchise Tax Board, file a periodic Statement of Information (SOI), and submit a Beneficial Ownership Information (BOI) report.It’s a good idea to consult a real estate attorney to ensure you’re making the best decision for your specific needs.

B-They project a 6% return with monthly distributions which is higher than what we can find in any other replacement properties C-Its a diversified NNN package with essential businesses D-Their track record even through Covid was 100% rent collection as they are all corporate leases not franchise leases D-We love the option that we can Upreit, cash out or 1031 again.

ARK also charges a flat franchise tax on ARK LLC's and out of state LLC's every year, of $150.    

He was originally the owner of the franchise and all the local Big Yahoos used him for their taxes.

I have not consolidated them under one LLC as of yet—my attorney advised me to beware of franchise taxes in my state that may cancel out the benefits of consolidation.  

.), the location, depth, and capacity of utilities to service the site - including public utilities (sanitary, storm and water services), franchised utilities (power, gas, cable), capacity of the local streets to accommodate additional traffic from your development...Be sure to find out if there are any specific local ordinances you need to satisfy (possible tree & wetland surveys, together with any necessary tree & landscape or wetland mitigation plans) and whether there are any concerns from municipal departments (e.g. hydrant locations from the fire department, storm inlet and retention requirements, as well as asphalt / concrete road requirements from the engineer), entrance requirements from the road commission (left turn and passing lanes at the site entrance), etc.Once you get past all this you can finally prepare a preliminary site plan and enter the political arena to get preliminary site plan approval, and to address any concessions the board and neighbors want from you to overcome their objections to your development.