We see a lot of success in the suburbs:Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Hi Meena,I am located in Austin TX and work with foreign nationals as well.

With all of that said without know more specifics about what price points you're considering and location I'm going to Generalize1.

We do, however, have to register in the State where the property is located.

These include accidents (I recently had 2 units destroyed by fire), natural disasters (I have had two units each hit by 2 hurricanes), property management turn over (they sell or stop being as good, I have experienced both), or turn over of team (I am turning over at handyman and I suspect plumber), or just wear n tear of property (slab leak in poor location, sewer pipes rotted out (one unit this month), roof, foundation issue, etc.).  

Jetting and cutting usually works best on conjunction with removing the tree/trees causing the problem, which is not always possible depending on location. 

Hello BP,New investors , how are you locating easy hard money lender or Pml ?

@Stephen G.Overall, it seems like a sound investment given the location and financing.

Biggest caveat is you didn't mention the location.

You could start by reaching out to any local corporations that do assisted living in your area and see what they are looking for (location, space specs, etc).