Nicholas makes a great point—having strong ties to a market definitely helps, and picking a random low-cost market without a network can be tough.

I’m wanting about 5 to 10 seniors and would definitely have a CNA or 2 with me.

Great, niche market and definitely slower pace than Reno/Sparks.

Definitely something to pencil out with a lender or broker.

Responding quickly, like you do, definitely makes guests feel valued and reassured.I think the choice between automation and personal interaction depends a lot on the host's availability and scale.

Hey @Jay Fayz, Definitely moving in the right direction!

Just remember anyone who has acted as your employee, attorney, accountant, investment banker or broker, or real estate agent or broker within the 2-year period ending on the date of the transfer of the first of the relinquished properties is considered your agent and is disqualified from being your QI.So definitely ask them for recommendations but they cannot act as your QI on the exchange. 

I'm sure you're "asking for a friend", but what is your definition of a "low credit score"?

And you definitely do not need a license to be an investor.

Quote from @Bob Schulte: I’ve seen plenty of private money lending stories go south, and it’s definitely a topic worth discussing.