@Michael Beirne Lower priced markets such as Baltimore are very difficult to operate in utilizing entirely 3rd party support.

I'm passionate about real estate and how utilizing this asset class can enable me to build generational wealth and retire early.

Heloc’s are best utilized with a short term strategy, ie flx and flip, to BRRRR, etc.

This way you can utilize the leverage if you plan to scale up in the future.

My thinking is that by renting to a residential care facility I can effectively utilize all the space, earn above market rent, and help provide a needed service, while avoiding tenant parking jams. 

In Chicago you request a CHA Burden sheet and that gross number minus utility allowance will be what you get in addition to making sure bedroom size is adequate.  

I got into RE investing utilizing the same strategy as you're exploring.

It is what is left after snow removal, cutting the grass, utilities, tenant issues, parking lot issues, property taxes, mortgage payment, etc. that make a difference.

@Will Almand this sounds like a very useful case for cost segregation especially if you can utilize the depreciation expenses against your income.

I would like to utilize my Stessa Pro Perk but I don't want have to create a new account.