If you are working with an investor-friendly CPA, I would ask what you need to document to make it easy to write off the expenses.

I had an 8 hour surgery that day and my husband and I (mainly him) worked on uploading our custom lease after the surgery and we were going to send it to her that evening.

@Terris Elliott It is very easy to file the articles of organization and obtain an EIN.

As far as the practicality, you want to look for homes with somewhat separate spaces, and theres an app now called padsplit that I've not used but have heard good things about to help with the management nuance of it.  

Remember, a 3% appreciation rate on an all cash property with no debt provides a… 3% return (not counting cash flow).

If you ever plan to retire in a state without state income tax now’s the time to do an exchange to that state. 

That makes “track record” an issue.

In a perfect world, PMCs would be able to track exactly how much time their staff spent working for an owner and then charge based upon those hours & an hourly rate.Pretty sure most owners would end up paying more if this was could be done.

Would be smaller in scale, less residents per caregiver (better quality of care), and less headache in terms of turnover (would not be considered an eviction). 

We don’t feel great about it for various reasons, namely it’s a liability, an eye sore, and we don’t know of all the problems this could present.Has anyone had this happen?