this is basically the business credit coaching partner that works with you over the course of 12 mos. to help you build up business credit for your company. 

There is a lot of work involved more than most people think in most real estate deals,

Try to build a company around the people, not build the people around the company. 

I’ve heard of stories where people verified with fake IDs and stolen credit cards and went into homes and stole appliances and furniture. 

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.

The growth numbers are impressive, but I'm more interested in hearing from the people actually powering this platform.

This deal was referred to me by a good friend, which means having a great network of like minded people is extremely important.

Some people ar enot so smart.But as @Nathan Gesner and others said, get rid of him anyway.

Charge the late fee, a lot of people don't and that creates a relationship with the tenant that indicates to them that it is okay to pay late.

Hopefully someone with tax accounting knowledge can jump in here with more detailed analysis, but I looked at this a bit several years ago...1) You still have to pay the depreciation recapture on the sale decreasing the net benefit of this approach due to the large tax payment in the 'sale' year2) The LLC would need to not be a passthrough entity so that it can be taxed separately from you, so you have to add another tax return cost for the years going ahead3) Taxing it separately from you likely means corporate status and corp. taxation rates which are higher than yours and I've heard many times over the years to avoid titling real property as a corp...Overall from what I've seen this only makes sense in a select few scenarios, which for most people aren't in play.