It's our goal at Rent To Retirement to bring the best turnkey deals across the country to our marketplace and to help our investors find the best financing options that meet their goals. 

Assess historical data on property appreciation, rental income trends, and market stability.

Every HOA is going through this currently and some have funds for repairs, others will need to do special assessments. 

As we review screening criteria results we also like to create an overall risk assessment. 

I’ve always found these methods lacking, based in intuition or guesswork instead of any objective assessment.

I also invest in Michigan (specifically in the Detroit , MI marketplace). 

Sort by purcahse date, tax assessed value on home seperate then land (that way you can target fixers).

Ensure they have robust risk assessment protocols in place.Ask how they assess borrower creditworthiness and property value.Examine Legal Documentation:Carefully review all legal documents, including loan agreements, investment agreements, and any other contracts you will be required to sign.Consider having a legal professional review these documents to ensure your interests are protected.Request References and Testimonials:Ask for references from other investors who have worked with the firm.

You have to pick up your income or get incredibly lucky on deals, I hope the both for you.With that said, to echo some comments on here go get your 1st one done then assess. 

This is akin to stating the obvious, as DSCR assessments are fundamental in determining the viability of such loans, similar to DTI (Debt-to-Income) ratios for residential mortgages.Your emphasis on the operational efficiency of well-run assisted living facilities highlights that their financial performance typically isn't constrained by DSCR limitations.