They are rules of thumb we use to function day to day because the FACTS are too needlessly complicated to use to make every decision in life.

Like @Bruce Woodruff said you have to establish your goals and "why" REI or homeownership should be in your life.

@Diogo Candido i'm definitly up for a good challenge ;) Looking at what is in the market already, it seems we would need to "build" some kind of 4 or 5 star hotel but ready for seniors.Then we would have two options:1) find an operator to run the assisted business who would be our tenant (not the seniors) and pay us a rent;2) manage the property and the assisted business;At this point in my life, i would be only interested in number 1).

I don't include non paying Tenants because I like a small slice of positivity in my life and prefer to think I did our screening well enough that all our Tenants are paying.Cheers! 

I will say now I think humans are more likely to damage your property than a pet. 

Be interesting to see the inner workings of the deal and how it was underwritten.The big question in life, not to be or not to be, not nature vs nurture, no, what is the difference between a HML and a PML? 

The seller is not very tech savvy and is going through some life issues so he isn't being very helpful in this.

It's about having an income that will enable you to maintain your current standard of living for life.

@Devin James The 1 habit that changed my life is I started prioritizing wants vs needs. 

First off, congrats on the soon-to-be dad's life—huge milestone right there!