They are extremely manage intensive unless operated as a slum property. 

If you want to buy but have no interest in running an assisted living facility, try talking to other providers in your area to see if you can wor out a deal where they operate.

Be prepared with copies of your Articles of Organization, Operating Agreement, and SS-4 letter from the IRS with your EIN assignment.Water depends on exactly where your home is.

just become a turn key operator.. getting your financing in order buy the homes then resell them. its a huge industry.quite capital intensive to make any money at it though..

We didn't take the loss through the years for the original cost, just the operating cost like taxes and utilities. 

Lots of changes for those operating outside of the resort zoning. 

But for me to operate at that level is outside my comfort zone.  

Here are my strategies to make my properties hardier for a recession hit:1) Using cash flow, pay of all short term debt, from friends and family and some credit cards. 2) Make sure all the deposits collected from tenants is in a separate accounts and is not touched by daily operations.

He's the brains, lead generator, agent, and property manager of the operation (I trust him completely, he's a rock star), I'm basically providing the money. 

The one that had tanks, we just instructed the tenant how to operate them.