In my state the contractor's license comes down to them passing and exam which demonstrates some degree of competence, registering with the state, and maintaining insurance. 

Nor does any provision in this title regarding familial status apply with respect to housing for older persons.(2) As used in this section "housing for older persons" means housing --(A) provided under any State or Federal program that the Secretary determines is specifically designed and operated to assist elderly persons (as defined in the State or Federal program); or(B) intended for, and solely occupied by, persons 62 years of age or older; or(C) intended and operated for occupancy by persons 55 years of age or older, and--(i) at least 80 percent of the occupied units are occupied by at least one person who is 55 years of age or older;(ii) the housing facility or community publishes and adheres to policies and procedures that demonstrate the intent required under this subparagraph; and(iii) the housing facility or community complies with rules issued by the Secretary for verification of occupancy, which shall--(I) provide for verification by reliable surveys and affidavits; and(II) include examples of the types of policies and procedures relevant to a determination of compliance with the requirement of clause (ii).

There’s a free website I like called calculator.net that can demonstrate the typical amortization schedule, but I have loans where the first few years I’m only knocking down a thousand or so in principle.

The nursing homes tend to require that all assets are liquidated and turn control over to them unless someone can demonstrate enough liquidity to be private pay.

The "you should be careful" replies are to investors with the grand plan to save a home from foreclosure... often by taking title and then lease option back to an occupant who's already demonstrated cannot pay their mortgage.

Examples like the Houston Chronicle Building, the Rice Hotel, and the Allen Parkway Village demonstrate successful transformations.

Demonstrating your expertise and commitment to cost control is a considerable advantage.

I will spend over $5,000 in food and school supplies for that food panty this year.Personally, I think that landlords will impact their reputation by demonstrating that they are more than just money grabbers taking money out of the community. 

The fact that it remains relevent today, demonstrates the power in their tool. 

You'll just want to make sure, if ever asked, that you can demonstrate that your intent was to hold and something caused you to change that intent (a surprisingly disappointing rentability???