Even if you win in court you still have to get paid from these great class citizens that allow others to live in your place of ownership after they vacant.I can  only imagine the trash and junk they will leave and damage!!

Quote from @Jeffrey Abraham: What is the NOI on the facility and how many rooms are you renting I think you could do it as a dscr loan and refi it with a hedge fund and get 65% cash out and close with 14days Established and competently run assisted living facilities aren't ever NOI/DSCR-constrained, so that's not important for the asset class. 

If the opposition names both the owners management company llc and the property llc in the suit, It seems like the owner's personal bank accounts, home, fishing boat, pickup truck, work tools, et cetera...

Keep learning through reading, listening to talks, taking online classes, and chatting on online boards.

I’m in the same boat looking for 80 LTV with interest only draw period.

I would use in A-C class properties.

As an example, the highest designation (MPM-Master Property Manager which I have) means that you have to have practical experience (you need 500 unit years- meaning if you managed 100 units, it would take you a minimum of 5 years), education (24 hours minimum of formal classes- or 3 days for this designation) as well as letters of recommendation from clients as well as peers (other MPMs) and you have to invest time in the property management organization be it locally, state-wide or nationally over YEARS.So the designation process, including those that are in their candidacy, takes a lot of effort and you grow through the process in many ways including wisdom (a lot actually)! 

It also creates a market where the best cash flow is found among the class D slums. 

@Bryson Rajendran I am also in a similar boat.

Outside of real estate, we enjoy boating, golf and hanging with family and friends.Excited to learn and connect with you all!