Residential Assisted Living

[Peter Albanese]

I’ve recently been researching residential assisted living whereby you purchase a large home and move elderly tenants into each room but then also provide home health aides 24 hours a day. Has anyone here had experience with this type of real estate play and was experience positive or negative as far as cash flow and return on investment. My preliminary information is showing that I could get a lot better return on cash flow monthly by renting a house in this manner rather than just to a regular tenant. Any feedback is appreciated.