A good CPA, advises on threats before they occur, and not tell the client after the fact they owe money and the client is shocked.

I financed the rehab with a 0% credit card (i strongly do not recommend that if you're new) and so i had zero finance or interest charges for the entire rehab. 

Hi There, Many of my clients are foreigners (not Canadians but Europeans) who buy long-term rental in the states, I've been doing it for more than 20 years and specialized lenders for this scenario change every few years.Would you be comfortable sharing the terms you've been getting from those two companies?

I think they should always be in a strong financial position, but they should also be contributing at least some of the money.

@Rob Tennyson, I have a few clients that bought in DHS and are cash flowing well. 

Hey Wyatt,I am an analyst at a real estate investment firm that specializes in helping clients invest in syndications, both 1031 exchangeable syndications and non-exchangeable. 

Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate a higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property for standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.

Put that capital to work and double your money every 5 to 7 years in solid strong investments. 

A client of ours had delinquent taxes and the property was scheduled for a Tax Deed Sale.