Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting to such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property to standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.I know tons of investors who are renting out their properties using this strategy here in Fort Worth. 

STRs can offer high rental income and flexibility, but they come with management responsibilities, regulatory challenges, and market fluctuations.

No regulatory concerns, I would hope anyone managing properties for others are complying with their state requirements. 

People (and regulatory agencies) are a lot more attuned to anything that compromises the agency relationship than they were 30 years ago.   

Within the city limits, I believe STR are prohibited, so start with understanding the regulatory environment. 

Ignoring Regulatory ChangesThe regulatory landscape for short-term rentals is constantly evolving.

Now, for Airbnb/short-term rentals in Atlanta, relish the prospect of higher potential income and pricing flexibility, but brace yourself for intense management, competition, and potential regulatory changes.

All of the instructors I had were great and Mike Brennan the owner and head instructor is super active in the industry on the regulatory side of things.

Here are some key reasons why many investors make this transition:Economies of ScaleIncreased Cash FlowRisk DiversificationProfessional Property ManagementEasier FinancingScalabilityProperty AppreciationTax BenefitsHowever, it's crucial for investors to thoroughly research and understand the unique challenges and considerations of commercial multifamily investing, such as market analysis, property management complexities, and potential regulatory issues.

You can look any loan officer up by their NMLS number here: HTTPS://NMLSCONSUMERACCESS.ORGOnce you look them up you can see what states they are licensed in, if their license is active, what company they work for, the company address, if they have had any regulatory actions taken against them, etc.