Insight on Residential Care/Board & Care Strategy

[Manny Darnell]

Hi everyone, 

Hoping to connect with someone who has experience renting to or operating residential care facilities. 

Purchased my 1st rental property last year in Cleveland, a 2unit MFH with 10beds between the 2 units. 

While the location is great, parking is an issue, and can really only accommodate about 4 - 5 cars total at time reasonably. 

My thinking is that by renting to a residential care facility I can effectively utilize all the space, earn above market rent, and help provide a needed service, while avoiding tenant parking jams. 

Does anyone have any insight into what these types of businesses are typically looking for in a partner and what I should be doing to make my space a good fit for them?