and offer up question and answer support for anyone interested in investing in residential assisted living, actively, passively, or somewhere in between.Over my real estate journey I’ve tried a lot of different asset classes and finally landed on residential assisted living as my favorite real estate niche and perhaps the most incredible growth opportunity for the next few decades due to demographics and how that will drive demand to keep outpacing supply.

And don't get me started on the former point, there's plentiful of experiences first hand where agents just try to get too cute due to a lack of knowledge and a dogmatic view of a 6month lookback at pricing.

With 3 properties already, you're definitely not "new" anymore ;-) Doing a refi is very possible (depending on how much equity you've accumulated) to do those types of things...the issue can be the tax ramification that you face if/when you do it.

.- Taxes are usually much lower the first year. 

I have a real passion for real estate due to the difference that it can make in the community, people’s lives, and the wealth generation possibilities that it creates.

Finding good deals is nearly impossible with the prices, tenant laws, and taxes working against us.Since you’re considering the Midwest, I’d definitely suggest keeping Detroit on your radar.

Here's the instructions:https://www.phila.gov/departments/board-of-revision-of-taxes...

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

But the other side of the coin your expenses go way up when your employer is now not paying you any bene's and you have to pay all your own health retirement self employment tax AMT tax etc etc. trying to do this with max leverage is going to be a long slog to replace a 150 to 200k a year job with bene's.

I have an agent sending me properties and I have ran the numbers on dozens of properties, but the crazy high taxes and insurance have killed every deal I've analyzed.