To increase your expertise, make use of internet forums, seminars, podcasts, and books.

Market research, local expertise, networking, property management, financial planning, potential legal and tax ramifications, risk management, and long-term vision are important factors to take into account.

Did it end up being a profitable model?

It is currently rented out to standard tenants but I am interested in potentially converting to a care home model.

If you are looking at Cash on Cash Return, real estate tends to be a slower growth model (unless you dip your toes into flips instead of buy and hold).

The fee structure in PM is so complex just looking at other companies and my own lolIt would be nice simplifying it from a consumer standpoint.We rolled out a monthly flat fee and thus far investors like it.Might completely transition to this model eventually.But all in all PM's have so many different fee structures for the various markets, asset and property types 

Sounds like a pretty genius bizz model..

Reaching out to the savvy developers here for a bit of your expertise.

I’ve recently been exploring the idea of hospice/ continuing care models.

Who knows, but the opportunity to keep a $10k non-refundable deposit when your partner decides not to fund is a slimy business model in my view.Separately, I had a very friendly conversation with one of their reps some time ago and we discussed pricing.