There will be a massive wealth transfer from the baby boomers to retirement care or to a younger and smaller generation.  

Lightbulbs, batteries in smoke detectors is on them and written in the lease.You can really do whatever you want if it is written in the lease contract but bear in mind they don't own the home and won't care on certain things.

@Cameron Porter +95% of the land bank inventory is already picked over by the time it hits the public.The only people we know that have bought ALL went over budget and only the increasing market covered what would have been losses.So, proceed VERY carefully!

If you're looking to buy a cheap property there, be very careful. 

I don't charge security deposit or move in fee nor do I care about credit. 

Any year I do this in the future there is a 2 year look back for health care cost.

Utilities altogether is about $250 a month, internet is $90 a month for the 1T fiber (we want fast internet for 6 people), 5% vacancy, Lawn care $120 a month, Pest control $30 a month, and we do bi-weekly cleaning of the common area at $200 a month.

You've clearly put a lot into it, you clearly cared, so why build it all just to off-load.

For perspective, outside of SF you can easily get a place to rent for 2500 or so, figure another 1500 for day care.

It's a former adult care home, so the layout is shared bathrooms, and this would allow me to not have to change the plumbing layout while offering a competitive price-point and unique experience to travelers.