This tax treatment will not work for most investors, and for more than one reason.Why you usually cannot deduct the K-1 lossesYou probably know that if your family income is above $150k, you cannot take losses from passive investments.

Capital gains tax treatment does not apply to flips

I didn't pay money to get fb treatment. 

Be creative - offer to advertise a business by putting signs on your car as you drive around neighborhood streets; operate a staging or cleaning business for sellers and their realtors; act as a vacation rental host for out of the area owners who cannot do it themselves but would like their guests to receive the concierge treatment.

Not to say anything but I survived serious cancer in 2012 a major car accident in 2017 where I spent 60 days in the hospital and 90’days in rehab then a triple bypass in 2018.

He did mention he had cancer and has been in remission for 8 years. 

However, rental income gets very favorable tax treatment (depreciation, specifically) that can reduce the taxable income.  

Most items are forgivable with enough time since the conviction, or a demonstrated effort to correct the issue (like drug treatment), but again, the details are usually left up to local rulemaking. 

Generally when people say group home they have a treatment population with a medical need in mind and lease to an organization.

You don't have to worry about unexpected costs, you get the set it and forget it treatment.