Anyhow, I am looking at investing the bulk of that money in either real estate rental property or I'm thinking about buying several acres and building boat storage facilities.

Good salads, lots of cheese, olive oil.

We were leaning towards trying to find some electric solution to avoid the pitfall of having the tenant manage the oil delivery/payment.

An existing Facility that's being properly managed should have an expense ratio of 32 - 35%, that is the industry standard. 

I am wondering if I should take some time in the oil industry to save up some more money for my startup.

How would go about finding elderly to fill occupancy for a small independent living facility?

In speaking with one of the neighbors I learned that the owner is in an adult facility and not expected to return. 

You can delegate the rights of enjoyment to common areas and facilities to anyone who rents on your property.I serve on the board of a large HOA in Texas and we have zero problems or liability issues renting to those who lease.Good luck to you.

that's how we ran out HML company for every 500k in cash we got 2 mil in lending facility and we make money on points and the interest delta.. its a great business done right.. far more profitable than rentals for sure. unless your buying in a market that will show nice appreciation.. but its a business. you do have to run it. 

@Kevin Zheng   Dollars and cents aside - what is best for your mom - there's pro's / con's to all 3You're asking a somewhat vague question as there are lots of things to consider - such as how much money she has (will she outlive it and eventually go on govt assistance -- the answer to this really could help you in your search for an AL facility or SNF (skilled nursing facility) --- What are her present needs - how is her health - what does she need help with presently?