Renting to a group home or adult care facility can be a viable option, but it comes with specific considerations.

You should have received a new property address for the ADU as part of your plans and not A/B or 1/2 (at least I didn't get any of that on any of the ones i have done).

They have a real estate specific version and while it's $700 a month + $2k setup fee, it absolutely blows everything else out of the water as it's tailored specifically for real estate agents.Here's an article from realgeek about it: http://www.realgeeks.com/blog/infusionsoft-marketing-real-estate-agents/

They plan to put it on the market within the next few months.

A lot of investors (especially OOS) have very little idea what is really going on with their property - or specifically in some cases, how bad it is and what the PM has to deal with.The second issue is that a lot of new investors have unrealistic expectations of what a PM can do and what the cost of these things is.

They offer flexibility and are specifically designed for rental properties.Best,Stacy

You're right that the expense/hassle of a trip is worth it relative to the amount of money at stake.A question on that though - in a market where good OM deals hardly last longer than a week - is it really realistic to plan on touring specific properties that I might put an offer on?

Developing a solid financial plan is essential.

showing how others have overcome basically every conceivable obstacle, just need to find the ones that work well for your specific situation.From the description you gave it sounds like a great place with some good family history, so it would be a bummer to have to sell.

(Also, the developer is reasonably experienced + wealthy and has personally guaranteed some of the existing development projects - but wants to move away from that)I'm also planning to get some equity in the JV / the broader development company (much less equity than if I were to be a pure equity investor of course). because I do think this could scale to 300-400 homes / yearOf note: These homes are modular in nature - so are faster to build and margins are projected to be attractive.My questions for you all is:Have any of you lent to development assets with cross-collateral from cashflowing properties like this?