Costs will be far lower, but an owner/operator would still get the benefit of staffing and material efficiencies. - You could consider owning those as rentals and leasing out to the businesses. - You could sell the land to an owner/operator who wants to build assisted living. - You could own and operate those yourself and just hire great management or bring in a management company. 

Additionally, if the property needs renovation, you may have a tough time finding a HML willing to lend on it in 2nd position if it is in a distressed state. 

Yes, what others have said about GfH's customer service is right: it's challenging, but I'm grandfathered into pricing that makes it a tough sell to switch and with (still) 98% of their solution's capability available right in their mobile app it's still a compelling option for smaller portfolios.

Your buying something that will be tough to sell. 

Filling up the property could be tough, and managing multiple tenants annually can be demanding.

Lots of growth in both population and jobs and housing.Rentals are a bit tough I think right now for the most part, but I think the market will start to shake out over the next year or two.If you are not a PR or citizen of the US, then you have to decide if you want to use cash, which is probably preferable or use financing. 

That's a tough gig too, but failure rate is only going to be like 88% vs the 99.9% failure rate of your current plan.Or...Save some coin and do a house hack.

It’s in a tough neighborhood. 

Tough to say without knowing the demographic.

A friend of mine ended up in a tough spot because he didn’t realize that improvements could be included in the exchange value under certain conditions.