The main thing I tell my clients is that they have to realize they are almost leaving the real estate business and entering the health care business when they open an ALF.

Residential Assisted Living homes are proving to be a growing and lucrative niche for the real estate and health care investor/entrepreneur.The senior housing industry is currently estimated at over $300 billion annually and growing rapidly.

The growth outlook for all Jacksonville is quite favorable based on a lot of factors but the ones I like the most include: recession resistant jobs (healthcare/Navy/finance/financial tech/transportation/insurance), just to name a few of the bigger industries here.

Additionally, the proximity of the property to the state-of-the-art Cedars Sinai facility makes it attractive to high-income doctors and other healthcare professionals.My ideal demographic consists of individuals or families who require a conveniently located place to stay within a 10-15 minute drive to their workplace and the LAX airport.

Healthcare is outrageous, electricity, heating oil, gas, TAXES are all the highest in the nation.

Look at construction, electronics and healthcare if you need any proof.In the end, it's a personal choice.

So my AirBNB did struggle but those Healthcare workers took advantage of my AirBNB on water at Indian Rocks Beach, every weekend. 

The main thing is we are looking for areas that are safe, have good schools and healthcare, low vacancy rates, etc.

With taxation SO DAMN HIGH in the US, especially California, over the course of a few years, you could not only have purchases residency in another location, but also saves significant more from taxes AND possible obtain MORE social benefits than what you currently might have (looking at you healthcare, and education for your children).

You would get a lot of healthcare, Epic, university, and finance workers.