Quote from @George Red: @Brock Mogensen and @Brett Deas the part that is fuzzy to me is... when do you need to register with the SEC and what rules determine that.

A few Facebook groups around HoustonHouston, Texas has many Facebook groups related to real estate, including groups for real estate investors, real estate professionals, and other real estate groups:Houston Real Estate Investors Network & Development Club (HTX RED)Houston Real Estate InvestorsHouston Real Estate Investors & DealsReal Estate Investment Group of HoustonHouston & Surrounding Real Estate Investors GroupHYREP - Houston's Young Real Estate ProfessionalsHouston Area Real Estate NetworkHouston Real Estate Networking Group

KEEP IN MIND city redevelopment departments have a lot of red tape to go through and this can take months before your prospective tenant is at the mercy of the City to be approved and then follows up with your tenant checking off all the requirements boxes the city department needs your tenant to get completed before moving in /opening up its doors for business.

A senior care facility would likely involve more rules, regulations, and red tape.

Quote from @George Red: Yeah @Caleb Brown I've been looking at my next purchase either being west of Troost or just north of Rockhurst but west of Paseo... thinking about 1031'ing my SFR on 75th as it has gone up a bit since purchase.

Some people on this forum have real experience and real solutions, not boiler room solutions like yours.You've been to too many get rich quick seminars at the Red Lion.

If the problem is that they aren't together enough to be bothered with moving any faster than 30 days, then that puts up lots of red flags for me.  

4 Green Houses means one red hotel, brother.

We've enjoyed checking out different areas within ~2.5 hours from our home on the outskirts of Cincinnati and recently saw something near the Red River Gorge that I really like and can see myself going to frequently.

Jumping into real estate right after college with a buddy is a bold move, but it's definitely doable with the right planning.