Thanks @Noah Bacon and @Alexandra Hughes Pailet for the assistance!

We’d be glad to assist you as you get started on your investing journey.

Pros:- Semi guaranteed payments - Can off set some risk - Property has to be kept to a certain standard to pass annual inspectionsCons:- Our data shows higher maintenance and CapEx costs on a per unit basis for section 8 or other assistance programs- People can fall off of payments -Inspectors can at times be over the top zealous -Higher % of tenant issues not related to payment of rent in these units. 

("A real estate broker, for the purposes of this article, is defined to be a person, firm or corporation who, for a fee, commission or other valuable consideration, or by reason of a promise or reasonable expectation thereof, lists for sale, sells, exchanges, buys or rents, or offers or attempts to negotiate a sale, exchange, purchase or rental of real estate or an interest therein, or collects or offers or attempts to collect rent for the use of real estate or solicits for prospective purchasers or assists or directs in the procuring of prospects or the negotiation or closing of any transaction which does or is contemplated to result in the sale, exchange, leasing, renting or auctions of any real estate . . ."

I personally did not use an assumption company to assist with the transaction, but that is an option if you encounter a lender who is not too thrilled about helping you through the process.I was able to assume a loan with a 3% rate during a time when rates where in the high 7's! 

@Enrique MendezTo reduce mortgage payments, consider FHA, VA, USDA, house hacking, conventional loans, seller financing, lease options, partnerships, down payment assistance programs, creative financing, and DSCR loans.

If you need further assistance or have more questions, feel free to reach out.

I intend to open and operate my residential assisted living facility in MI.

Best to just negotiate price, closing assistance in lieu of repairs, or have seller pay your contractor up front before closing if you know and trust the contractor.

Meanwhile hardly any emphasis is placed on the loan administration and even more importantly the relationship component of lending.Far too many investors, particularly those just starting out, are being conditioned to seek out the “easy” lending choice rather than invest time and energy required to cultivate meaningful relationships with lenders who truly value the borrower/lender relationship and are interested in assisting you grow.