View report*This link comes directly from our calculators, based on information input by the member who posted.Don't know the age of the property but due to what you stated the price point I am going to guess it is a bit older. 5% for repairs and cap ex maybe low in that case.

Mainly because so many of us on this website are significantly younger than retirement age. 

I bet you don't have any friends who want to do this at your age so when you tell people about your dreams they say it's crazy.

In your opinion, do you think as long as everything passes inspection I still should be okay given the age of the system?

@Dayton Bishop It's great to hear you are taking interest in real estate at such a young age but based on what you shared, you're not in a position to own real estate.

It's just a product of the modern internet age and you are right, they always have a new way of skirting the rules.

Name and shame (of course with the verification measures you mentioned).

There's well over a 1 Million bed shortage right now, and due to the aging 77 Million boomers, the demand for assisted living will continue to outpace supply by over 3.5X.

(especially if you have not yet reached an age that will allow you to withdraw funds without penalty).

Since this is an FHA Streamline, there is no appraisal, no income verification, no employment verification, no out-of-pocket costs, and nothing rolled into the new loan.