Just realize in this environment it;s different than it was a few years ago.

No I also invest in the Indianapolis metro area (Class A and C).

They have a great track record and seem to do well there but I may want to try a B class at some point.  

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. 

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

Purchase price: $19,000 Cash invested: $29,000 This was a lower income class C- sfh buy and hold for 3.5 years.

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. 

The high vacancy rates in apartment properties in Memphis may be due to economic fluctuations and demographic shifts; however, they create a favorable environment for potential renters to find affordable housing and for rental owners to innovate and improve their offerings, ultimately contributing to a more dynamic and resilient housing market.

Does anyone have a good picture on the tenant class/who is renting?