Secondary markets have also benefited from the growing competitive natures of markets like Atlanta, Charlotte, Raleigh, Dallas, Tampa and Jacksonville.

The thing is with Raleigh specifically, is that much of our inflation is a natural outcome of strong growth:- Many Fortune 100 companies and 500 are establishing headquarters here- A significant influx of people moving into the area.

I guess on the plus side is that the bad apple is only there temporarily lol.. rather than a long term tenant who is of the same nature.

This can be forced appreciation (adding a bathroom or bedroom), or it can be natural market appreciation if I think the asset will go up in value. 

Naturally there will be waiting time in between . 

We told her our theme which was lake and nature inspired due to our proximity to a big lake here and she did the rest.

So hearing everyone talking about doing cash out refi's to buy more property I did but it came back to bite me in the butt.I bought a rental house back in 2012 and naturally values went up so after a couple years I did a cash out refi and used the gain for the down payment on another rental property. 

There are certain rules in California that allow for that very low assessed value to be transferred to a child, but the rules are pretty restrictive in nature. 

Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate a higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property for standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.

Thank You For a project of this nature, you're also going to need and Architect & Engineer on board for filing, permitting and required inspection... along with a slew of other things to be aware of.