If an inspector hiding something from you then hire an inspector that's independent of the realtor. 

I'm following this post because like David, I have great interest in starting a 5-6 room non-medical independent living facility.

Yearly audited financials

The accounting needs to satisfy the IRS requirement for record keeping in case you get audited.

., I am hoping to go in next week and speak with someone at Frost and also Independent Bank.

If you're a salesperson your ICA, Independent Contractor Agreement with your broker will detail whether you have to charge yourself or not.Also keep in mind, regardless of payment to yourself, the legal requirements remain the same.

Check with each utility to confirm you can have the additional accounts in a tenant's name.In our North East Pennsylvania location, the water companies will allow a separate meter, HOWEVER, they require a separate water main from the street hookup to the additional house meter so they may control each meter on the property independently of the other(s) without entering the dwelling.

However, this also puts me at risk of an audit. 

Within the IRS technical audit guide they specifically highlight being several hundred miles away from the property as a potential red flag. 

The SEC audit or a lawsuit will cost you a lot more money in the end.