Finally, make sure to do your due diligence before purchasing in Killeen.

They do a good job being responsive and getting things done, but the final result was just not there for us.

Once we finally got the tenant out; we sold to a local investor who was planning on using it for his business.

Meanwhile during the eviction period, we finalized our architectural plans and started the permitting process in the county so we didn't lose much time.

The city has been undergoing massive revitalization over the last 10+ years, has seen its first population uptick in nearly 70 years, and prices have doubled in the last 5 years.A lot of folks are finally starting to understand there's a lot of interesting growth happening in Detroit.

Usually they'll say yes and begin to give you all kinds of information to turn in for final approval on a short sale.

. - Compared to what I went through before, it's working out extremely well because I finally got to fund my investment and move on with my life! 

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

Some portfolio or private lenders may waive this rule, so it’s worth exploring.While waiting for the 6 months, finalize renovations, stabilize the property with tenants, and ensure all paperwork (leases, receipts) is organized.

and offer up question and answer support for anyone interested in investing in residential assisted living, actively, passively, or somewhere in between.Over my real estate journey I’ve tried a lot of different asset classes and finally landed on residential assisted living as my favorite real estate niche and perhaps the most incredible growth opportunity for the next few decades due to demographics and how that will drive demand to keep outpacing supply.