Because of their background (95% of our residents are recovering heroin addicts) and payor status (50% are paid for by their treatment centers, the rest split between family or self-pay),  standard 1 year leases with monthly payments do not work.  

We see new clients with 2-3 yrs of improper treatment all the time.

Ohio also has a couple of other special rules such as the CAT tax and a funky bonus depreciation treatment.

first thing one should do is figure out if they quality the 2  in  5 tax treatment and if the home has appreciated a ton like 250 to 500k which is very common in coastal markets and Denver for instance.. selling would be far smarter than renting. pocket the tax free and find another rental. turning it into a rental you lose that one time tax treatment which in my mind is the very best for real estate. 

Does black make sense here, or would another color or treatment work better?

The specific tax treatment would depend on how the preferred equity is structured in the syndication and whether it qualifies as debt-like equity or retains characteristics of a typical equity investment.

Educate your cleaning staff on what to look for (tiny dark spots, eggs, etc.).Heat Treatment/Preventative Measures: Some STR owners do periodic heat treatments or hire pest control companies for preventative maintenance.

Of course the doctor is going to recommend a different treatment plan given radiation is not appropriate.

Waste water treatment facilities. 

@Kevin SobiloHonestly not a fan of investing my tax deferred amounts in syndications that have leverage and depreciationRather use my liquid cash for those types of investments to take advantage of the tax code and use my deferred accounts for types of investments that do not have preferential tax treatment (like private lending etc)