He also does light development work on projects he flips so he knows costs.  

Not just because REI is a great way to generate cash flow and build generational wealth; more important, to me, is the fact that I've finally discovered a way to use my natural creativity and problem solving skills in a way that makes me excited. 

Which means self employment tax.The residential treatment facility might be considered residential investment property or not depending on the level of care, regularity of assistance, and if the majority of tenants have long or short terms stays.A more careful analysis is needed for both of these situations to determine the taxable nature of these activities.

It's just a natural progression.

I fixed it up super nice: all new flooring, 2 inch blinds, sinks, lights, fans, paint, mirrors, toilets, ss appliances, new roof on the back porch.

It will take care of business for ANY investor, from your needs to the Simon brothers (OK, better known to most of you would be The Donald) You do need to understand accounting terms and the appropriate posting for expenses, but I think most would catch on quickly as to the nature of your business.

-Don't take repairs lightly!

Neither will shed enough light on how to purchase or build a facility, but they both made me realIze self storage is very different than other asset classes.

Naturally, she accepted.

That's the nature of the business right?