Quote from @Daniel Huang: Hi, I am trying to transition to develop my rental income as I am in the final years of my professional career.  

They asked me to empty my savings, max out cards and then finally to take out a loan.

I'm a long time lurker finally getting ready to start making a move and getting that first rental property.

Given the size of the asset, these won't be huge, but something to consider.REWARD - In addition to the benefits stated above, the only other reason I could see doing one on an asset this size is if you wanted to offset a property sale that would have a large capital gains. 

I have been pulling lists from List Source for the past 8 years and have finally made it over to PropStream.

You can use a tool like AirDNA to get estimates of property performance in your specific market and with your typical size and configuration of home.

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 :-) 

We requested utility bills and after some time finally receive them.

A relative who does long-distance real estate investing told me that I have to sign the final loan document and the transfer of ownership document in person.

They finally get back to me after the close date to say they need more time because they are try to cross collateralize their other properties to make this deal happen and the bank they were using doesn't do this kind of loan.