But of course, you limit the pool of potential clients.

You do want to think of things from a tax standpoint, but you will also want to think about liability protection while establishing these entities, also.The Difference Between LLCs, C Corporations, and S CorporationsKnow Your Real Estate Partnerships: General and Limited Partnerships ExplainedIt can all shift pretty dramatically based on the details of your situation.

I have found that this limits the amount of children which limits damage. 

Thank you Taylor.I visited the property yesterday after running the numbers: To make matters worse, one of the unit's former tenants were heavy indoors smokers, trashed some doors and toilets, and there was a electric line that was 10 ft from the ground.The upsides that I see:1] Long-term tenant in the next unit, Section 82] Close to the universityAny limitations to rent increases regarding Section 8 tenants?

Then do it over again on another deal, depending on how much VA loan limit you have left.

Assisted living is a fantastic business model but it's not just not for meMy objective is real limited, I just want to have a policy that can legally say no kids, and also allow me to stick with mature adults as tenants. 

Maybe- if the residency happened first then yes up to the limits of $250k profit for a single taxpayer and $500k I’d married.  

The ability to invest using a VA loan is limited as the borrower must occupy the property as their primary residence.

In my experience (still limited but not a total newb) this manifests itself in two main ways:1.

This is taking over an illegal flophouse well over any sort of single-family capacity limits and trying to keep it running while you work to get more money out of it.