I have learned once again, No one cares about your properties like you do.

Greetings BP community, I recently joined a national senior care living development team.

If I donated to aids health foundation and they spent the money on rent control instead of aids research or health care, I would be pissed.  

Pros - guaranteed rent, tenants stay longer on averageCons - more mgmt needed (lease violations), they tend to not take great care of properties (increase maintenance expense or deferred maintenance)

In Phoenix, where I’m based, or in markets like San Antonio, the best realtors do more than just list properties.. they go “driving for dollars” to find oppurtunity, leverage their local networks (probate attorneys, CPAs, divorce attorneys) and carefully analyze each property’s cash flow.

I’d be very careful about who you replace this tenant with. 

Gotta be careful though.

The collateral is so so and some have preferences such as certain asset classes they will invest in, but generally speaking, you can obtain an equity deal with very little skin in the game. 

The fact I can do nothing for years, and know my family is taken care of above & beyond makes me feel quite grateful.

My CPA takes care of the 1098s.