Property owners remain responsible for operations and maintenance, only because they retain full ownership.

@Sean Doyle - Toledo is the only city I operate in.

The operations will make or break you. 

Quote from @Nicole Heasley Beitenman: I'm coming up on my first year of operating an MTR.

Private equity firms seem to favor larger operations with scalable systems, while smaller mom-and-pop firms are often acquired by local players or regional operators looking to expand their footprint.If you’re looking for actionable intel, reaching out to brokers specializing in the sale of PM firms could provide useful leads.

Currently operating and cashflowing, listed for sale What made you interested in investing in this type of deal?

Q1: Great points, we'll need to have a detailed operating agreement that outlines an agreed approach to all potential outcomes.

The issue is: can the operator survive to that "long term".  

Hey Dan, renting to a sober living operator can be a great idea.

Since you already know the metrics in the fix & flip game, this might be an avenue for you to consider.