It's just common sense to use caution in a vacant house.

My family has been here for multiple generations and has always been very involved in the area, including on the real estate front, so I have deep roots in and love for the place, and come by my interest in real estate honestly :-) Professionally, I'm an interior designer specializing in high end residential design for successful, busy professionals, and aging-in-place/universal/accessible design, for those who either need it now or (preferably) want to plan ahead, just in case, knowing that at least 68% of us will be disabled in some way eventually, or who know they have some health issues for which they know they will eventually need to make some modifications to their homes if they want to continue to live there. 

Commingling funds and undercapitalized business are some of the most common reasons that the corporate veil can be pierced.  

I own two townhouses in developments with HOAs, but those associations only cover common areas such as landscaping, parking spaces, etc.  

Upshot is that I could then deduct health insurance and other business expenses directly against the income (and can offset deals gone bad against income)Has anyone done this and have thoughts on it?  

If not, it'd be best to share which city this is in so locals can chime in.If this is in SD, there are a number of active multi-family buy-and-hold folks (myself included) active on BP who I'm sure would be willing to help make it happen for you.And, to your question, your next step is to figure out how likely it is you can get it under contract - in the current market, it's common to waste time thinking about things that are off the market in no time or won't actually get under contract for whatever reason.

At present I have a special interest in developing a business in Assisted Living Facilities for Independent Seniors, I have an extensive clinical background and experience in Internal Medicine and Senior Health care for over 25 years as a Physician Assistant.

With my demanding full-time job and inability to outbid the all-too-common NYC cash buyers, I don't have enough free time to hunt down the affordable hidden deals (assuming there are any!)

@Cody Bailey  the know it all bad neighbor is very common I have been dealing with them since 1979.here is how I handle it I defuse it up front.

Hopefully we can further discuss our common interests.