You might learn to shoot pool in a pool hall, you might not learn the professional rules of the game, that might mean you can't really win in a real pool match. 

Each grouping had a common room (perhaps it was shared by multiple groupings ... this was a detail I missed) with a nurses/aid workers office.Central to the two sides of the complex were common facilities such as a dining hall, gym {perhaps a pool ... another detail I missed}, theatre &  games room.With one of the fastest growing groups in our society being single people, we are examining a related idea of a  complex / building providing a modest-sized 1-bdroom "apartment" with more semi-private and common amenities.When I read the title to your thread, I thought it was a project proposing to mix students and seniors into a single complex ... and came in thinking, this ought to be interesting :-) 

With investment properties, most lenders I work with prefer to have an address to work with in order to provide a "soft" quote, which does not include a hit to your credit.

I recently bought my first home in Thousand Oaks, CA—a huge milestone for me. I’ve lived here my whole life and worked hard to buy a house in my parents' neighborhood, which is the most sought-after area in the city. ...

That means your GP team needs a minimum of $300K to invest, more if you buy a bigger or nicer propertyFWIW, SOFR is not a loan you can get.

You are investing for return on capital. 

Hello,I am a real estate investor located to Southeast MA, I own and manage a small portfolio of 23 units and am looking to expand and scale out of state as the returns and market have been quite difficult in my area: due to CAP Rates, specific building class I am looking to invest in, and rising interest rates/minimal inventory, as well as it would be nicer to be diversified and in a more landlord friendly state.  

Best advice is to partner with someone who specializes in investment properties in the Austin area.

I am wondering if anyone invests in this area can provide me with some referrals?

What are your thoughts on Cleveland as a place to begin investing and What areas would you recommend I begin looking at?