Somehow this provides some special tax advantages including being able to deduct medical expenses, rent my home to the corp for business meetings tax free, etc.  

“For example, we would not penalize borrowers for late payments on unaffordable but necessary medical expenses.

Now the tenants gets an attorney and sues for medical issues on May 20, etc.

I'm not quitting my day job, and we have family health insurance coverage through my employer, but we still have fairly high out-of-pocket medical expenses, so I am leaning toward setting up a Section 105 Health Reimbursement Arrangement (HRA) in our LLC to cover out-of-pocket medical expenses with pre-tax dollars.  

You can take them to Small Claims court but they more than likely have a lot of medical bills and other debt already and are basically noncollectable.  

I have been following BP about 18 months while I medically recover.  

I am negotiating a lease with a physician for my medical office building.

I have researched properties near major universities, hospitals (needed for medical/nursing students on internships/residencies) and cannot find specific regulations needed to get into this. 

For example, my wife is in the medical field and really enjoys what she does, and trusts me to make the majority of the financial and investment decisions.

Hi @Rich HupperTo answer your original question, you can convert to an S-Corp and possibly backdate the effective date to avoid SE tax.To save even more on tax you can employ other strategies such has hiring kids, augusta loophole, revenue stream separation, section 105 medical expenses reimbursement, etc....There are a lot of possibilities to save.