In my area, Boise, ID:$500-$750/tree demo$50.00/lf - 6” Ductile Iron Water Line, 5ft Bury, Standard Soil, Excavation, Bedding, and Backfilling Included$2.50/sf 3” HMA Road Paving

I'm a business owner with investments in retail, media, and addiction treatment facilities.

I don't have experience with renting to a sober living company, but I assume that they make a killing.These sober living and assisted living facilities are always showing up on Loopnet advertised at a cap rate of anywhere from 8-25% (not exaggerating... there are several in my area right now with a ~20% advertised cap rate)With returns like this, I can only assume that these types of properties are very high maintenance and labor intensive.You're not looking to be the business manager though, you are just looking to be the landlord who leases to the company who runs one of these lucrative operations.

NCREIF (National Council of Real Estate Investment Fiduciaries) is a member-driven, not-for-profit association that improvesprivate real estate investment industry knowledge by providing transparent and consistent data, performance measurement,analytics, standards and education.

Quote from @Emory Clayton: From what I can tell, and my personal experience, you will have to lower standards so the Section 8 applicants can qualify.I'm not a fan of Section 8 because they tend to be far more problematic than tenants that pay their own bills.

High pay enabled us to hold our team to higher standards, while also giving us the flexibility to make quick changes if needed (we have several cleaners eager to work with us).

In my opinion, you need a standard (eg. no felonies) that is written and followed consistently to avoid fair housing issues. 

In Cleveland, it is industry standard to pay a 10% property management fee.

HUD is changing its inspection criteria from Housing Quality Standards (HQS) to National Standards of Inspections and Real Estate (NSPIRE).

thats my  though  as this sounds like a great deal in more ways than just storage facility income vis a vi using the other building to anchor your new build bizz