It is based on performing loans where the mortgage payment is not higher than $600 and they have shown at least 5 years of payment history and get this, they have no higher than a 50% LTV so the homeowners are very motivated to not walk away from all that equity.

Since we have been moving to the larger commercial senior living community properties, she is directing the transition to our systems and evaluating their leadership to determine if they will fit well with us. 

At the completion of your due diligence, you have 3 choices; accept the property as-is and move to step 4, reject the property and walk away, or ask the Seller to correct any items that you request. 

Check with an architect first to be sure you can fit your vision into the existing lot, as it's zoned currently.

I guess no one strategy fits all so will be very nice to hear everyone's story and learn from each other.

That fits in perfectly with the narrative.

If you have strong market knowledge and the ability to find deals, working in acquisitions for a syndicator or a real estate private equity shop could be a good fit. 

network, meet people, go to meetups, take people out for coffee, and walk as many properties as you can. 

I'd think it would be a better fit for seniors. 

At that time I'll attempt to structure a 10 year term unless I consider a shorter hold period in which I'll negotiate the lowest rate possible to fit a shorter term more closely matching my remaing hold timeline.