Yes, management is more intensive, and 50 units is nearing the size of facility that having a small on-site manager could be a benefit for oversight, management and leasing.

BP and Rich Dad podcasts have been vocal about this niche. If you found the ideal property for this type of niche, what would be your first step in seeking out a business operator who would rent the property from you ...

If by Adult Family Home you mean a non-medical "assisted living facility" (ALF), these can be quite profitable. 

They built a few more in the Silicon forest.. but from my talks with the long range planner they dont want anymore of them.. they want facilities that will employee more folks.

I intend to open and operate my residential assisted living facility in MI.

At such a low interest regime that we have now, whether you put all your pay into a re-draw facility before spending any of it, and progressively withdraw out of that, or, do what I suggested, will make a negligible difference to your payout time.In fact, my way could help your discipline, because once you make principal-only payments, you don't get to re-draw them again!

@Jon Haney and if you have heating or propane oil delivery you can show charges for the fuel and the last fill.

The $600 heating oil bill + little to no rental income + PITI in January will balance your actual numbers out for the year.

Have you looked into assited living facility as they are far more profitable?

David Valadao, who recently toured the facility, expressed strong support for the initiative, emphasizing its potential to reduce legacy emissions and protect local energy jobs.