It would just be an investment property.

A short term rental upstairs would be an amazing idea however the area in tahoe of which we are located is seasonal market as there arent too many things to here besides skiing and winter sports.

I have a 2 unit property in the western suburbs that could be well suited to be an elder care home for 3-4 residents.

The exterior frontage of the townhouses look not great as in many units might not be good on the upkeep which could be an owner/tenant issue or an HOA issue.

@Selena Walshif it's an investment purchase and you have no intent of living there then the low down payment won't be an option.  

There should be an "entry fee" that you are marketing to the buyers, and that entry fee should include closing costs, down payment to seller and your assignment fee.

Ive been listening to the bigger pockets podcast for the last couple weeks.I would love to network with a few of you, as well as meet up for a coffee if you live in London Ontario (or relatively close).Looking forward to learning.

Columbus OH, we work with a Charlotte land developer here on larger sites like 30 acres and up not sure how big but your niche size is great. we do development, licensed general contractor, and build single family and multifamily we have a few new Floorplans every few months and I travel nationally to be an advocate for our market. it's wide open. high absorption potential and only 8 builders who build over 50 houses a year in our market. 

@Lesley Stoll If you want to be an active investor there are a lot of resources.

In my rental agreement (lawyer reviewed and approved) it specifically says no smoking or vaping within 20ft of the building and all butts must be left in a coffee can with sand in the bottom and one is already provided in the "smoking area".Explanations are given for allergies, health, and second hand smoke etc. etc.I've not had any issues yet.