. - Accounting, not mentioned, but make sure you can confidently run the trust accounting and security deposit which is compliant with state code. - VAs, I don't think this is necessary for 30 doors, but depends on how much availability you have and how time consuming these properties will be.

.- 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.

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.

With everything exposed, were talking code requirements on everything.

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

You could buy a house with siding made of corn cobs if you'd like and they'd finance that (assuming the corn cob siding passed code).The issue is that true log cabins tend to significantly limit buyer pools because they are a bit of a niche product so lenders don't want to finance them at all due to the added risk for resale.