Hello Patrick, there are a few things that need to be considered to turn this into active income such as length of average stay, hours you spend managing property and services you provide.

The lending sources that will lend to LLcs  will be more likely to  provide a " purchase loan "  to a LLC  as  compared to doing a  cash out  refinance to a LLC . 

The first step would be to get a good grasp on what it will cost to provide him with the care he needs now - and for the remainder of his life. 

I know that’s not the typical response for an investor, but I do things a little out of the box, and it has provided me well so far.

In places where I provide utilities I must provide within the temperature range the state requires but I don't need to let tenants control the thermostat whereas if they pay utilities they must have control. 

Please feel free provide your thoughts and advise.Thanks in Advance

Am I unknowingly taking on extra liability by providing a security system?

Do they offer company stock, and provide passive revenue share income which is willable to your heirs?

It is completely free, there will be food provided, and multiple industry partners coming to talk and bring information.

I was thinking if 3 of us shared one, it would cut down costs and provide each of us that additional support we may need to juggle all of our tasks.