Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago on .
Senior independent living
I have a 14 bed former alf building. Last operators lost their license and it can't be reopened due to zoning as its in a residental area. So I was thinking independent senior living. There all private rooms with a closet. There is 4 bathrooms, common kitchen living and dining room and laundry room. I guess we would just rent out the rooms there would be no employees there. I would remodel the place and add furnished rooms and common areas. I was thinking we could rent to low income seniors through hud. What do you think of this? Would it work out or does any one have experience?