Not saying it's impossible, but that is a full fledged business.

I was going to add, as posted above, it's a great rate and stick with that local credit union for the future business. 

If so, they may have a business relationship with a title company already you can leverage.

- sounds like your friend's PMC pays this way.If W-2, why isn't your business properly insured to cover him?.

Congrats on submitting that offer and perusing Senior living, either for you or your client.I have been involved in the purchasing process for several senior living facilities, and work closely with a few people who operate RCFE, sober living, and similar types of properties.From what I have learned, the most important thing to keep in mind when purchasing RCFE properties, is that you are also purchasing a business.

I purchased a rental unit and did some private funding in 2016, and I will probably expand this business by doing more deals.

Thats why you see very few HML that were in business prior to 2010 to 2011..

Also, I should add that it's as much of a business and operations play as it is a real estate play.

Definitely horrible fees, but here's the reality: of all the lenders I broker DSCR with, none will go under a loan amount of $75k.From a business perspective, there's no money made on those loans.

All those things, and more, need to be ironed out.Question 2From a tax perspective, if you put a dollar in a business and when you sell you get a dollar back, that is a $0 profit, so from that perspective there is no tax.