I am a strategic investor and licensed realtor in San Diego & I just put an offer on a senior living facility!

I'm assuming if this was an option everyone would already be doing it but I am just curious from a professional to understand why this isn't an option.I received a question from a friend that was somewhat similar to mine above which got me thinking. 

The truth is that if you find the right deal, you can make pretty much any market work but if you are looking for consistent deal success that narrows your options down.Some investors look for simple signs like the "Chick-Fil-A" test.

You've only owned it six months, so you probably haven't dealt with vacancies, maintenance, or capex, but you should be setting money aside for those things.Your partnership agreement (if you have one) should address exit options.

No, refinancing isn’t an option because of how we purchased the property.

Also, how much did you offer the seller?

If you can buy with 20 percent an hour away, as you said, that seems like the best option if the finances and numbers work for you.

Cities like Cleveland offer affordable properties, strong rental demand, and solid cash flow potential.

Hi Ken, I'd say, it’s critical to remember that your financing strategy should align with market trends and buyer financing options.

Inheriting it is the best option tax wise- because it gives you a step up in basis to the property's value on that date.