@Matt Mulvaney In addition to Joe and Theo book on syndications, Gene Trowbridge, securities attorney wrote "It's a whole new world" on the same topic. 

Hi Chelsea - While I have not personally investing senior living I know that Gene Guarino and Caroline CJ Matthews do and hence are probably good resources to reach out to.

: The how-to book of syndicated investment real estate by Gene Trowbridge

: The how-to book of syndicated investment real estate by Gene Trowbridge

: The how-to book of syndicated investment real estate by Gene Trowbridge

Gene Trowbridge put out an article a while back saying that advertising for private loans is an area where one of the elements of the Howey Test would fail:It is an investment of moneyThere is an expectation of profits from the investmentThe investment of money is in a common enterprise (emphasis mine)Any profit comes from the efforts of a promoter or third partySee what a securities attorney says in your area. 

Gene, that is a worst case scenario  for a property in PR. 1. sorry for your loss of your father and brothers/sisters. 2.

: The how-to book of syndicated investment real estate by Gene Trowbridge6.

This is a heavily economy focused government in power that has openly questioned whether it's worth going into a great depression to save the over 65's and immuno compromised, but it could get really ugly if by this cycle of the mutation it starts sending more and more 18-49's into ICU. 

@Gene Knighton - you need to use a 203k contractor who has the funds to buy materials upfront.