Foster care is a great thing and a necessity since some children really need to leave the home for reasons that will make you stay awoke at night.

I'm a big fan of non-traditional commercial real estate especially when the downside is minimal (capex is minimal, parking is a necessity, the ability to redevelop may be possible).Do you know of this is a managed parking lot or just a lot for long term tenants that park them self and there is no one on staff?

Value of RE for him is impacted significantly by the necessity to change face value of his cash flow for tax reasons, so take him with a grain of salt, by all means.

We'd rehab the necessities (bathroom(s) and kitchen) while selling our current house (the one with all the equity) then move in and finish the rest over the next year or two... no rush.

As others have pointed out, my biggest hangup is the necessity of providing internet and wifi.  

The homes are both in decent shape with the only major necessity being both need new roofs. 

That means he's out hot water and has to wear a t shirt, which is why I said it's more of an inconvenience than being deprived of a necessity. 

Generally one industry towns where the Industry dried up.The economics is a necessity to long term buy and hold investing.

One of the reasons for the risks in those states is the uber long foreclosure time lines the necessity of having to hire a lawyer to do it and generally these are C D areas to begin with so no real appreciation etc. 

Some of these things are messier than others - where do my rights begin and yours end when it comes to firearms, speech, access to necessities of life, etc - and some are more clear cut  - prohibitions against murder, robbery, etc - but that's the primary function of government.