I don't have experience with renting to a sober living company, but I assume that they make a killing.These sober living and assisted living facilities are always showing up on Loopnet advertised at a cap rate of anywhere from 8-25% (not exaggerating... there are several in my area right now with a ~20% advertised cap rate)With returns like this, I can only assume that these types of properties are very high maintenance and labor intensive.You're not looking to be the business manager though, you are just looking to be the landlord who leases to the company who runs one of these lucrative operations.

While contractor availability and supply chain slowdowns are challenges, they plan ahead by securing labor and materials early and building in project buffers.

Find out what the daily labor rate is.

I've been involved in two JV BRRRRs with Land Trust ownership structure, the one we still own happens to have Joe Seagle's company as trustee who replied above.  

Joe

@Joe Villeneuve good advice.

Quote from @Joe Vesey: I have access to deals with no debt that provide monthly distributions. 

Quote from @Kent Ford: Quote from @Jay Hinrichs: Quote from @Kent Ford: Quote from @Joe S.: Quote from @Kent Ford: Texas is seeing a surge in new real estate businesses due to its booming population and investor-friendly climate.

Quote from @Joe Villeneuve: So what was the lesson? 

I assume the $1,500 was charger and labor?