We decided not to go down that path because we felt assisted living was less risky from a regulatory standpoint. 

From my findings, the two subdivided lots would comply with the requirements provided by the county:The minimum lot size is 1 acreThe minimum lot width is 135 feetThe front building setback is 60 feetThe side building setback is 20 feet (for corner lots it is 30 feet on the street side)The rear building setback is 60 feet

We bought cars for single moms, dug wells for orphanages, bought gifts for AIDS camps in Jamaica and in early 2008 we were both told to give it all for 6 months to a couple we had known for a long time who had suffered some catastrophic setbacks. 

What plan does the buyer have in place for set backs such as real estate market down turn, major repairs etc.

I believe it's actually a very good regulatory environment now that the permits are in place.Overall, I expect metrics to continue to improve over the next few years as the demand for STRs continues to grow in our market at a 15% year over year rate. 

Add to this the rapidly evolving regulatory climate with additional disclosures many wholesalers are required to make before entering into contracts. 

There is massive demand now and no supply due to the setback of 2008 and home builders taking a few steps back.

The cure the various regulatory authorities have come up with is twofold, legislation that restricts the methods wholesalers may use, and regulations requiring wholesalers to hold real estate brokers license.  

Every setback is just a setup for a comeback.Chat soon!

And don't worry about setbacks; they're a normal part of the process.