When doing renovations to a property you should notify the carrier in advance and they may require a builders risk policy as well.

I have a Roth IRA and I own rental properties and the equity within the rental properties I own far exceed the value of my Roth IRA and for further perspective, I started the IRA years in advance to ever investing in real estate.

Thanks in advance! 

And if you've been through this yourself, any insights on what to expect would be greatly appreciated.Thanks in advance.

The strategies you mentioned above seem to be more advanced strategies, but if that is what you enjoy, learn as much as you can and get into it.With minimal income, I would suggest saving up some money, buying a new primary residence that you can house hack, and keeping your current property as a rental.

Thank you all in advance for your help!

Some investors opt for larger homes with more bedrooms, while others convert existing residential properties to fit more people comfortably, ensuring they meet safety and accessibility standards.One thing to consider—smaller operations like RAL often rely on word of mouth and local reputation to fill rooms, so community engagement and relationships with local health care providers are key to success.PS: Fun fact—by 2030, it’s projected that more than 20% of the U.S. population will be over the age of 65, which makes senior housing a high-demand sector for decades to come. 

Thank you in advance! 

AirBnB had a lot more last-minute bookings, and VRBO is where we got most of our advanced bookings.

Thank you in advance for sharing your experiences.