Residential Assisted Living- What is up with this?

[Lexi Blevins]

Hey y’all currently in the process of renovating a 5B 3B house for rent. My original plan was just to flip this like everything else. I recently heard about residential assisted living facilities. Has anyone actually started one of these? Are they as passive as I have heard about? Would love to pick your brain if you have actually done one! 

[Lovenia Chead]

it's great to hear about your property renovation! I suggest starting with an unlicensed group home. It's a simpler entry point and aligns well with serving protected classes like veterans, seniors, and single mothers—key to ensuring stability against HOA or city issues.

Begin connecting with non-profits and agencies that help these groups find housing. They're often on the lookout for properties like yours and have the funds but lack real estate connections. This relationship guarantees income, as payments come directly from these organizations, not the individuals.