At least we have a finished detached studio on the property to live in while renovating the house, and now have two kids and live in the house while we rent out the studio.I love your story, it's awesome and so glad to see your steps and how it worked for you.

In California, there are required steps that a landlord must take with security deposits.

While doing my research I realized that owning an ALF is stepping outside the real estate business and into the healthcare field.

If so, go to Step #2...

If the goal is a retirement type home or vacation home for older people, avoid steps and keep it more of a ranch style.If older people frequent the area you may do better making it an accessible home. 

Thank you,That’ll be my next step.

I continue to listen to BP podcasts daily but paralyzed by the next logical steps.

Using an architect and contractor that work well together can be a huge benefit to you, if you take steps to manage the relationships.The way we provide it is that we give a proposal to the contractor that is addressed to the owner for design services.

Court steps?

If not offset it, reverse it, adjust it or...IT is not about the journal entry, it is about your financial reports in your accounting software that you need to look, verify and then take the step for accurate numbers.