I have read a lot of posts on Residential Assisted Living, that I am considering getting involved in, and seems like many of the posts make reference to RAL Academy and noted that there is an online version and in person version . . . wondering if any of you have taken either and if you would recommend one over the other and why.

Personal Name for PurchaseLLC Loans: Loans for LLCs usually come with higher interest rates and stricter terms because they’re considered commercial.Personal Loans: If it’s your first property, buying under your personal name might be easier and get you better terms.

Chalet is a great resource for getting set up with a STR team.

Each deal comes with a different set of surprises even for the most experienced operators.Take your time and don't rush it. 

What are you considering? 

Quote from @Martin Phinney: My wife and I are considering a move from the Seattle area to the Scottsdale area to be closer to her parents.

They have a good set of advertisements that focus on their whole house strategy which is good IMHO.We are running about 50/50 on bookings for 2025 right now.

What should I consider about the purchase price, interest rate, and other terms? 

I started a property management company in 2017 and am now managing almost 800 doors and 6 construction crews.If I could do it all over again, I would have spent a little more time setting up business systems prior to jumping in. 

With your budget, depending on where you are working, I'd consider Silver Spring or Hyattsville