Make sure you screen your tenants real well - as it is harder than re-enforced concrete to evict someone in Cook County.

The flip side, however, is that the reason I'm renting it at all is to build up a cache to pay for dad's assisted-living facility once his LTC insurance runs out in three years...

Your target property owner may be alive and living in an assisted living or nursing facility around the corner or hundreds of miles away.

I have started to look into this sector as well after learning about the high costs for my own grandmother and the high volume of baby boomers who will be needing these facilities in high demand.

I also can look for threads that have new replies; any and all so not exactly what I am interested in.On the Motley Fool site (US or UK) they have a facility where you can see all the replies to any posts you have made.

Granted the search facility does not make it easy to sort things by location.You could post a thread in one of the forums requesting all the folks who invest in Canada speak up.

.- Follow the Boomers---By and large, the over 60 crowd is the most affluent generation this country has every seen...The boomers need or will eventually come to need retirement communities, assisted living facilities, affordable housing and businesses to service their wealth

It has always been this way for commercial facilities.

Note that people will want to know about your income, your credit and other personal matters as they all matter to the buy decision.Or just use the search facility to find interesting threads to read.

Likely lower transaction costs and potentially the ability to use the commercial loan facility from day 1 (either a working line of credit or a blanket facility that is already up and running).Being a cash buyer is a great way to go.