I pulled the deed that names three owners, the majority owner of which is in a state facility with Medicaid benefits.

Common area amenities include laundry facility, a businesscenter, swimming pool, and lush landscaping.

Joshua,  I do not have any experience with assisted living facilities, however, I had a BN CDR a while back that was making a ton on them.

Has anybody had experience converting a home into an assisted living facility?

My tenant says she's uncomfortable sharing laundry facilities.  

In the not to distant future a company called Hogslat will be building a large production facility in Wright County.

If it is not, I think you bring your garbage to a facility there.Other?

I see an opportunity to continue to get credit facilities from investment banks at 3.25% based on libor to get a blended cost of capital under 5%.

Your looking at a blended cost of capital around 24%.When I run my hedge fund, we get a blended cost of capital of less than 5% using a credit facility/warehouse line based on Libor at 3.25% currently blended with the targe returns of the fund at 8% (10% to 11% if interest is compounded).

However, the people moving to the community without ties are teachers (we had a bunch retire these last few years), an attorney, medical professional, mechanic, manager of assisted living facility, restaurant owner, carpenter, etc. on top of those other professions.