Future rental income is not able to be used.Keep in mind that retirement assets (401K, IRA, etc) are eligible towards reserves, and so are any other investment accounts.Rental income is only used towards the income portion of qualifying, not towards assets.Hope that helps. 

For example, to pay medical bill or to retire on the profit of LLC? 

As a result you can eliminate all custodian fees and have direct control over your retirement funds. 

Ideally, he would roll the 2-3 million into a multifamily property to hold and cash flow from for retirement.

THEN you can have one of the spouses quit or retire or whatever.

I retired from the USAF in 2021.

The retirement/financial independence equation he uses is a paid off primary home, 500k in liquid assets (usually retirement, cash, and after tax brokerage account), and more than 1 source of income (part time job, real estate, social security for those of that age, dividends, etc.).

Has anyone else had a negative experience with a Rent to Retirement new build in Cape Coral?

I had a W2 job until I retired about a year ago when I wanted more time for family and noticed my real estate business was stealing time from my W2 job.

I hope this will be helpful in your research.https://www.biggerpockets.com/users/ZacharyCole/referenceshttps://www.biggerpockets.com/forums/92/topics/518583-feedback-on-renttoretirement-and-zach-lemasterhttps://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-reviewhttps://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-dealhttps://www.biggerpockets.com/co/RentToRetirementhttps://www.biggerpockets.com/forums/92/topics/893621-rent-to-retirement-review?