Don't just find out how it's all licensed and check on any historical issues with it, no you want to meet with local board members, find out how they really feel about the place and what the cities wants and plans are for the place.

Also, check to see if you can find lenders with low or no closing costs.Curious—what’s the partnership you’re looking at?

If you decide to pursue this option be sure to EXPLICITLY spell out how the maintenance of the buildings will be handled as these types of facilities tend to be hard on property from my experience.

I would remove the parts that don't pertain so you don't have to bother with checking boxes or lining through clauses that don't apply.

Another way is to check out this website.

@Leeling ChewAbsolutely, you should background check every adult (18 or older) who will reside in the property.

So every month we have a member of our team reach out to investors to check in and see if they have questions, wish them a happy anniversary for investing and just check in…..Over the past few months we have had multiple investors panic on calls noting “please don’t tell me my investment is gone” (NOTE as we mention above not purpose of call), as several have noted they cannot take another complete loss on investment.

Hi Andres,Have you checked out Property Management Finder?

Also credit score 680 with no missed payments over the last 2 years and also check their criminal report just to make sure you know who these tenants are, as the eviction process in New York city is very long and expensive. 

@Jeff Landers Kindly check my message.