So $160K valued property needing $30K in repair with a $15K assignment fee, I have to buy the property around $75k.It is also important to know what your lenders seasoning requirements are as well as their LTV and DSCR.  

I think that is the important aspect is appraised versus purchase value.

Congrats on submitting that offer and perusing Senior living, either for you or your client.I have been involved in the purchasing process for several senior living facilities, and work closely with a few people who operate RCFE, sober living, and similar types of properties.From what I have learned, the most important thing to keep in mind when purchasing RCFE properties, is that you are also purchasing a business.

That said, figuring out if and what to outsource is important to make sure you're spending your time doing high impact work..

Read on for some useful info:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

Even more importantly, is is positioned to be the top sector for the next 10+ years, thanks to the retiring baby boomer population and the lack of adequate new facility development.  

If you choose to go the Syndication route, it's important to get comfortable with the GP and also underwrite the real estate as if you would personally purchase the property (even if you don't have the financial means to take down the property on your own).

This deal was referred to me by a good friend, which means having a great network of like minded people is extremely important.

Most importantly, choose a market that aligns with your goals!

Hello Brett,It is important to take all costs into consideration.