There are both dishonest operators, as well as incompetent ones, that could lose your entire investment.

I went there to have the water turned back on and started getting caught up in what the preferred order of operations should be.

Some title companies will require an operating agreement, even if sole member, to buy or finance a property.  

Month-to-month means they have not re-signed a lease but are operating in the holdover period on the same terms.

Wholesaling is just like any other business; it takes time to build systems and processes to run a profitable operation.

You have some life experience under the belt and are looking to push the train faster.The more investors you know in real life, the more opportunities that present themselves.

Can you please share contacts who operate in Austin or San Antonio?

He's a guy looking for help from experienced MTR operators, and a few of us responded.

Operating Agreement is probable, but do they need tax returns? 

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.