Residential Assisted Living - Anyone with this experience?

[Erika Herrera]

Hi everyone. I'm new to BP and to the idea of real estate investing in general. I have wanted to open a residential assisted living for some time and know the business/operations side of it well. What is new to me is the real estate side of this business. Which has led me to BP.

Anyone on here with experience in both and can compare the two as far as long term potential? I understand they are different, but it seems the concept is similar to college housing or multifamily investing. Buy a house, renovate to state standards, and rent out by the room. I am curious on thoughts from anyone who started out in REI and went on to owning a Residential Assisted Living.

Any thoughts, feedback would be greatly appreciated!