Group housing/assisted living

[Michael Kim]

I was wondering if anyone has experience with buying a rental for group housing/assisted living use.  I just listened to a podcast where thats all the guy did.  Seems like a good gig, but im sure there are some negatives with this as well.

Does anyone wish to share some experiences with this type of rental?  

Can anyone tell me what potential pitfalls of this would be?

Anything specific that would be a concern or a hurdle with these types of rentals?

Thanks