It sounds like the project is getting a lot of pushback from locals but potentially worse than that is that the article says Shared Estates had until 9/1/2024 to raise the money for the development, but now they've altered the agreement to give the fund until end of 2025 to raise the money.A representative of the town is quoted in article as saying that after signing the agreement in January, Shared Estates examined it's finances and asked to have the agreement changed.So potentially the projects I invested in aren't doing well, or they're doing fine but funds from those projects are being diverted elsewhere.

.- Inspectors: definitely make sure everything is to code.

Do you mind sending me some zip codes in Chicago for A neighborhoods?

Many times these citations will align with the municipal codes, but sometimes they do not.

I will say the cheapest suburbs I mentioned have an average selling price of 200k--depending on the specific zip code, it might be as high as 400k (I don't know off the top of my head). 

In general, a tenant is responsible for damages caused to a property, and even disabled tenants who qualify for reasonable accommodation and who alter the premises to meet their needs are responsible to put the property back into its original condition at their cost.

The current tax code provides special benefits in this situation.When the original owner passes away, the "basis" of the assets resets to the market value at the date of death.In the US, there is currently an estate tax exemption of approximately $13 million per person, which allows the basis to reset, and depreciation can start anew.This “step-up in basis” is particularly useful if the next generation wants to sell the asset.Since their basis is set at market value, if the property is sold at that value either at the date of death or within six months, there is no capital gain and no taxable event.There have been many examples where portfolios of fully depreciated real estate worth tens of millions of dollars have been passed down from one generation to the next, resulting in little to no tax liabilities for their heirs.Pretty cool, right?

You clearly don't know what your doing and should NOT, by the rules and codes of NAR, be a primary listing agent on anything right now.

. - The main question here is do you qualify as a real estate professional according to the tax code.

Check the codes in your location for the minimum requirements for a home to be used for assisted living.