Check your insurance, I’ve seen a lot of people specialize in renting to group homes or care facilities so there must be a commercial policy for this.

Who cares?

Am here just to let folks know of my experience so others are careful when they get into this.

Now having a trust to avoid probate, care for young children or folks not ready to inherit large sums of money yet are very good reasons to have trusts.

Your equity is $61,400 (you also paid something to renovate but I'm not sure we need to care too much about that for this example).

I am currently in the process of identifying land for a purpose-built residential assisted living and memory care facility in Houston, TX.

I recommend selecting an investment city based on the following criteria.Key Criteria for Choosing an Investment CityRents Must Outpace InflationFinancial freedom depends on rental income growing faster than inflation.

., mortgage interest and property taxes) requires careful allocation.

You need to be careful about where you're buying and what your expectations are.

They do not care.