Any year I do this in the future there is a 2 year look back for health care cost.

You can’t just rely on the voucher and guaranteed rent; you have to make sure the tenant will take care of your property.

Welcome to the community and be ready for a huge amount of information at your finger tips.

It's a former adult care home, so the layout is shared bathrooms, and this would allow me to not have to change the plumbing layout while offering a competitive price-point and unique experience to travelers.

I think you are best served to get the best advice and that is what will make your business work much better than the ones who don't care about the regulations.

If you decide to build new construction, be very careful with builder contracts out there. 

Be careful.

What I am trying to say is be very very careful in the city and speak to attorneys ahead of time in regards to the process, cost and how long it will take. 

You might find mentors or partners who can help you navigate your first deals.Analyze Deals Thoroughly: Make sure to run the numbers carefully on potential investments.

https://www.biggerpockets.com/forums/521/topics/1218823-chic...Hey @Jonathan Klemm, thank you for your tips on how to get started!