Perhaps I should have phrased my previous comment differently...Of the facilities that accept Medicaid we visited in our area, none met our requirements.We chose a nearby non-Medicaid facility that's about $5.5k/mo for 2 ppl in a 2-room suite including elevated level of care. 

You can't mix and match.At that gross revenue level, it's very possible an S election and/or a Solo 401k make sense. 

I do, however, recommend that you surf bigger pockets and brush up on some beginner level investing principles.

Other than a response of knowing what your comfortable debt level is, how do you decide how much debt to put on a rental property, if any at all?

Learn the system on a local level. 

It seems that if they are a certain level of established that it can be bypassed.

Account Closed, There's a few levels to your scenario.  

But, I don't have a crystal ball so the best I can do is assume some level of inflation of cap rate every year.You will never be 100% right on everything...you can't.

I never made a solid return there compared to the other properties in Toronto, NYC, Minneapolis, Atlanta and New Orleans ... nor has it been conducive on any level to accomplish projects or business initiatives there.

We weren't advised to add luan to level out the flooring and give the peel and stick a level base to start with until we had already started with the LVP.