Senior Living here is in short supply and high demand - good luck!  

I'd look at crime rates and I'd also look at multifamily supply projections to see how many units are expected to come online in the next few years. 

For a scope like yours, it typically takes 2-3 months with a solid GC, though sometimes supply issues can stretch that out.

Know the demand and supply in the area. 

And tons of people are getting into this business and drive the price down (simple supply vs demand curve).

Hi, BPers,I’m curious about how you handle weed smoking in your STRs.

Im hopeful we can get some housing supply policies, everything on the campaign trail was net boosting housing demand, which we have enough of.

If existing houses are cheap relative to land and constructions costs, and supply is high, it may not be worth developing even if the agency says "do whatever you want".

This covers the vacancy time and work supplied to find a new tenant.

I'm hoping they get a good director in place who wants to serve their customers (tenants who need safe houszing) and their vendors supplying that need (landlords) and operate an efficient and successful program serving our community.