Really gave me the push to take this seriously seeing all the investors my age doing what they do there.

don't forget to look at new construction typically much stronger than existing, especially in a market like columbus where the age of properties will really impact your bottom line.

No slab houses, age restriction too i.e. expectation to be paid in full before retirement.

This will help you understand your current net cash flow accurately.Consider Future Expenses: As you mentioned, the property is aging, and there are upcoming capital improvements such as a new roof and potentially a new HVAC system.

How does the demographic profile (age, income, health status) of potential residents in New Jersey and New York influence the demand for assisted living services?

Well I did some research and looks like the owner is around retirement age.

They're all working until at least age 60 and paying lots in federal taxes.

You and I both could build ground up, but at my age I sure wouldn't want to, much less deal with the city.

My partners and I have a property under agreement, however we are both under the age of 55. 

But I began this reply with IF, because if they are all cash-flow positive, I would personally not seek to pay any of them off early (depending on your age), and instead save that money to put towards obtaining additional properties.