Hi everyone, Hoping to connect with someone who has experience renting to or operating residential care facilities. 

Thanks, Jim Rice Hello Jim, We are located in Central Florida. 

Investment Info:Single-family residence fix & flip investment. 176 Wildwood Road is a single-family home located in Sag Harbor, NY 11963.

Current comps rent for $2450+ and the mortgage + HOA is $2180. 

Great location on main hwy. 

But after a flip, you will probably sit on the market for a while depending on the location approximate nearest city. 

It normally takes 5+ years of rent increases before you feel like you are doing ok. 

@Polat Caglayan very ambiguosu question, but read the helpful info below to guide your next set of questions:)-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The vast majority of wealth accumulation is through appreciation, cash flow after rents increase, and amortization. 

@Landon Sheveland  don't think your renovations will overcome a bad location.