Residential Assisted Living Care Home (RAL)

[Nathaniel Epps]

Hi, Bigger Pockets community. I'm looking for some feedback as I'm currently under contract for a single-family home in Oregon that I will be remodeling and updating into a Residential Assisted Living Care Home (RAL). It's currently a 3/2 that will be remodeled to a 4/3 in a great neighborhood. I've listed a few questions below.

1) I have 120k in cash that I planned to use for the remodel. And then either do a SBA loan to get my money back or do a Cashout Refinance. But would it be wiser to use a rehab loan or hard money loan and keep my money on the sideline?

2) Do more people in this industry see single- or double-room occupancy?