Its proximity to major attractions, businesses, and vibrant city life ensured strong demand from both tourists and professionals.

**Property Inspection**: After submitting the RTA, HUD will schedule an inspection to ensure your property meets HUD’s Housing Quality Standards.

The primary challenge was ensuring the property met all zoning requirements for residential use after being a commercial space.

Costs will be far lower, but an owner/operator would still get the benefit of staffing and material efficiencies. - You could consider owning those as rentals and leasing out to the businesses. - You could sell the land to an owner/operator who wants to build assisted living. - You could own and operate those yourself and just hire great management or bring in a management company. 

I'd recommend consulting a local contractor or real estate attorney to ensure all changes meet city codes and to help streamline the permit process, especially if you’re aiming to use the properties as rentals on Airbnb.

Many investors see no "hard line" on age as long as there’s strong cash flow and maintenance is manageable, but ensuring you’re prepared for any age-related quirks is essential.

These are reputable people who stand behind the properties they find and are reliable for ensuring a smooth transaction.

Holding onto it is a smart decision, and you're entering property investing in a solid position.To get started, focus on ensuring that the rental income will cover your mortgage, taxes, insurance, and any maintenance costs, leaving room for profit.

It's more efficient.

Having clear, mutually agreeable terms can prevent misunderstandings and keep your options open.It’s always best to consult a real estate attorney to ensure the contract aligns with your interests, particularly if you foresee independent deals.