You need an immense amount of trust in the people who work for you in a scenario like that.  

See, with all cash purchases, your cash flow is immensely enhanced. 

I couldn't make that D2C work for a myriad of reasons on my family's ranch, but I still have immense appreciation for the Beef.By the sounds of your analysis, my model would be for Bubba; a BYO recreational enterprise.

I will however also be talking to a portfolio lender and last time I spoke to them they wanted a tonne of information, so I reckoned I'd put together a proposal that would answer all their questions.It may sound strange that I'd be talking to a portfolio lender for only my second purchase, but I have a few unique circumstances that make me a little less loved by the major banks - I'm a South African working outside the country and married to a non-South African citizen...probably more than anyone would care to know about me, but I thought I'd clear that up before I get questioned.Anyway, thanks again for the input, I will go with Ken's advice and write something up.

The difference in valuation between a SFH and a licensed and converted ALF is immense ($125k difference in appraisals in this case).

I negotiated a settlement with the mother to buy her 1/2 interest for the insured.This is not to say that title insurance is not an immensely profitable business, it is. 

You've been immensely helpful. 

That is a good strategy that would work immensely.

But why try to implement a strategy thats incredible hard in one location...when you can literally go a few miles away where it becomes immensely easier. 4 of the 10 neighborhoods in the country with the largest price spreads that exist are here in DC. 

Yeah househacking/roommates is the easiest way to start, it helped me immensely.