If you do outsource, some management companies will cover various things like cleaning, supplies, etc. so look into that as well. 

We are solely working on assisted living:- Buying homes and leasing them at higher than market rates to these business operators- Purchasing existing businesses with the real estate- Developing / building newFor us, the business makes the real estate cash flow, we can create a massive impact, and the demand outpaces supply and will continue to be that way for the next couple decades.

Did you supply one or make them bring one?

Quote from @Sanjay Bhagat: 1) Is there a syndicate/s in BP which has gone through all the 4 real estate life cycle (recovery, expansion, hyper-supply, and recession) ?

US unemployment near all time lows and GDP stable so that means FED FUNDS rate is not constrictive so they may not need to cut rates for years, and US GVT spending quite a bit more than willing to tax, so long bong Issuance going up (2 trillion issuance projected this year) so more supply = rates go up =CAP rates go upCapital Calls seem very likely Even if rates drop, those occupancy levels are awful.

Pay for supplies upfront.4.

Basically, the demand is much weaker than the supply. 

However, as I've been tracking new listings in this area and running the numbers on them, I have realized this strategy has either gotten too much attention in the last few years or the supply just isn't there any more.

We are living in the Golden era of wine right now - never before has there been so much good inexpensive wines - but like golf there's just not enough users to demand all the supply. 

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too