I am currently in the process of identifying land for a purpose-built residential assisted living and memory care facility in Houston, TX.

Some states are easier than others; however, it is important to understand the process and laws of owning properties in another foreign state.

The seller is out of state and even visited the project a few times to check on the progress which I think helped him feel good about the whole deal as well. technology made the whole process a lot easier in the interim.

@Karin RecaldeWhere are you in the process now?

You'll find much greater difference in $$$$$ by refining your location/rehab/vacancy strategies instead of worrying about "how much it costs to borrow money" in this environment.Nearly all of my clients are more concerned with a simple and headache-free funding process, than the "lowest rate."

In the process of analyzing deals, I reached out a property manager for his fees.

I know that you do a great job smoothing out any "rough spots" in the lending process, so that certainly helps when the deal starts to go sideways... 

Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider. 

We worked him through the process, brought him a contractor, and gave him all the resources along with giving him tips on layout and all.

Our process:1.