What happens when the parents, on title with you jointly on that new piece of real estate, have to go into a long term care facility due to some issue that is so serious that you cannot care for them any longer?

With my wife's blessing, I quit my relatively good paying job and bought a facility that was losing $2,000 per month.

Although much of the properties have been gobbled up by these higher ed facilities there is still plenty of money to be made by investors.

He also intimated to us that they have social workers etc on call to assist.So a local (but similar) facility could be of some assistance.

In our case, the person living there was moved to an assisted care living facility back in 2007 and the time was not right for selling the house since the market was so depressed.

Does this property have any crazy features like no parking, really really steep steps, located beside a manufacturing facility, really steep hill tenant has to take trash down each week or anything else?

Laundry facilities are important to most families, closet and storage space.

My grandmother moved into a retirement home type facility a little over a year ago and her house has been sitting empty since while she still pays the mortgage on it.

I'm not sure if Rick is totally up and running yet, but I worked with him on space planning a new facility they are moving into in the next month.He has a couple of partners and has had years of experience in collections.I've never used him before so I can't stamp my name on any endorsement, but he came to mind when I read this post.Let him know Taylor Jennings from Office Works referred you.Richard RainhoFidelis Asset Management, Inc.1427 West 86th Street, Suite 562Indianapolis, IN 46260Office Phone: 716-771-1294Direct Line: 317-682-0555Direct Fax: 317-759-2564Cell Phone: 317-378-0229Toll Free Phone: 888-471-0280 ext 1000Toll Free Fax: 877-504-3190Email: [email protected]: www.FidelisCollections.com

So, having said that...this one's a bit of a twist, given that it's classified as a Condo, however this space can be utilized as an office facility.