I’m always looking for ways to measure and track my money, my progress, and my success.

I have no prior experience in real estate, however, am fortunately enough to have access to sources of income besides a fixed job salary that provides me additional CF and a long-term safety net.

Did you ever feel like your safety was an issue?  

A 32-year-old would never insult a politician in person, but they have no problem getting nasty from the safety of mom's basement.If profiles were verified and public, then we would clean things up a bit.

You’ll want to check out the PA Code's Chapter 2800 for the standards around licensing, safety, and staffing requirements, and the Assisted Living Residence Regulatory Compliance Guide can provide extra insight.We actually have a local team here in Allentown that has worked on several of these conversions, so if you'd like some guidance or just want to chat through the process, feel free to reach out.

It sounds like your parents want to set you on a path that has a high probability of some level of success and safety for your life. 

Focus on Cash Flow Early On:While appreciation is the long-term play, as a beginner, I'd recommend focusing on cash-flowing properties to provide you with a safety net and help you ride out any market fluctuations.

True cash flow needs to be 50% net of your PITI, but we can use banking measures of 75%.

Take pictures and measure your risk/reward.

Matterport, in my opinion, is a step above traditional video tours because it allows people to tour the property and view the measurements of each room.