You have a $1.75M debt only providing $32k of return.If you can get out exactly at 5 years, for what the homes are currently appraised for, you will have a nice time, a fat $350k paycheck.

I have seen it before.The answer would be a big fat NO.I specialize in sales and don't do property management.Wouldn't you want a specialist instead of a generalist??

-Any fat in the T12, like paying for a full time maintenance man, bill back H2O and the like?

I have 2 articles linked here and there are many others: https://www.biggerpockets.com/blogs/10145/73373-op...https://www.biggerpockets.com/blogs/10145/72118-sy...I would also read It's a Whole New Business, by Gene Trowbridge and Principle of Real Estate Syndication, by Samuel Freshmann. 

An attorney will give you best practices and tell you what's allowed when it comes to structuring a deal, raising capital, rules to follow in general.In terms of the books, I suggest you get "Principles of Real Estate Syndication" by Sam Freshman and Gene Trowbridge "It's a whole new business..."

And when you close the deal at the title company and get a fat check!! 

Also many people found that they were now competing against cash buyers, so the fat deposits they were planning to use were of no use.The BA is a different beast all together so plan your strategy accordingly.

Thanks Gene.

If you’re interested in assisted living you should check out Gene Guarino’s program. https://residentialassistedlivingacademy.com/about-us/#whatwedo

@Gene Hacker Thanks Gene for the referral!