. $40k a year for not doing much is a great investment on $40k unless you are putting in a ton of work into the property.Who operates the property?

They tend to be the ones posting religiously on linkedin the benefits of garbage investment strategies in order to continually feed their business and have poorly drafted operating agreements often with side letters that are really  only necessary to hide from their lenders where their capital is coming from. 

Another question I have as it pertains to the profit calculator: Are there any calculators or resources that exist for buying and operating and/or rehabbing a hotel?

I am curious if there is anyone else in this industry operating any senior living homes?

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Built with purpose in 2003, this store has served the community for over 20 years but is now closing its doors.Similarly, in July of 2024, Stop & Shop announced the closure of its Lincoln Street location, which has already ceased operations.

I see that REI nation has zero available for Huntsville, and my impression is that  even turnkey operators can't make the numbers work here right now. 

Quote from @Nicole Heasley Beitenman: I'm coming up on my first year of operating an MTR.

New here, does anyone know if you need any special license to own, operate or expand a facility in Michigan?

We have a RE attorney & mortgage broker to make sure our operation is legal & compliant.