Many investors see no "hard line" on age as long as there’s strong cash flow and maintenance is manageable, but ensuring you’re prepared for any age-related quirks is essential.

It’s relatively simple and, while it does cost money, it’s one of the more cost-effective options.

With your background as a physician, you’re in a strong position to get into long-term rentals and even the storage space, both of which offer steady income and relatively low maintenance.

However, there was no formal agreement or contract between us regarding the ownership or any financial details related to the property.

As far as owning a real estate related business, residential assisted living is hands down the highest and best use of a residential home, especially since you can achieve financial independence from one home. 

On top of that, the tenants are lower-quality, so it takes more work to maintain communication, enforce the lease, etc.In my experience, the additional work and eventual losses erase any benefits of Section 8.

Most of the changes in BP over the years has been well-thought-out and executed, bringing benefits to me as a small-time investor and realtor.   

Costs will be far lower, but an owner/operator would still get the benefit of staffing and material efficiencies. - You could consider owning those as rentals and leasing out to the businesses. - You could sell the land to an owner/operator who wants to build assisted living. - You could own and operate those yourself and just hire great management or bring in a management company. 

It's a relatively small town and a lot of us run into each other as we do business. 

Congrats on the new MTR operation.I don't like the idea of putting in what may be a relatively high-cost and low-return piece of equipment in your unit.