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Updated over 7 years ago,
Do Assisted Care and/or B & Bs rent facilities??
Hello,
My Brother-In-Law's family may (only may) be able to 1031 exchange into a property that has a century old farm house on 33 acres of land. It is a working citrus and avocado farm. The house is located between LA and Santa Barbara and is an easy drive to either of those "destination" cities. It is also very quiet and peaceful.
I have the creativity of a rock, but even I could write the marketing for a B&B located in the house. My Sister and Brother-In-Law are too old to try and run a B&B or assisted care facility. Do providers of those services rent facilities?
I probably left out a LOT of information, but I don't know what I don't know.
Thanks to all for your time and effort.
Bill