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.

Read this: https://www.irs.gov/businesses/small-businesses-self-employe...Second, compensation is always issued to the person working.

Have recently started a renovation company with a friend, both of us successful business owners and talented in the trades.

You can use a bank statement program, (1 year 1099) and depending on your schedule E or how you show your passive income or Schedule C depending on business tenure you can use just one.  

While I continue growing my land business, my next focus is investing in Memphis real estate using the BRRRR strategy.I’m here to connect with contractors, lenders, wholesalers, and fellow investors who are active in Memphis.

It did fantastic and I parlayed the profits into growing the business I have today.But that was 2016. 

.: In CA it is a violation of CSLB business and professions code 7159(d)(5) to execute residential time and materials contracts.

I'm from the Southern, MI area and I am also building my real estate media business, Elicit Real Estate Media Co. 

MOST businesses are honest !!

For now, we just contact the city/township construction department to ask about pre-sale or pre-rental requirements and follow along.