It has a strong potential for cash flow.

@Sonny Sach Yes, you definitely have the potential to benefit from a cost segregation study.

In addition, building into  the business model an intentional refinance in a short period of time, you are incurring double the financing costs, which eats away at your equity, and also resets your loan amount to potentially a higher amount if you are rolling in closing costs.

I would love to keep the home for many reasons - potential appreciation, landlord experience, tax benefits. 

How does the demographic profile (age, income, health status) of potential residents in New Jersey and New York influence the demand for assisted living services?

He has a seller financing book that he gives to potential sellers.

Hello Beth, this is where the learning takes place, the more at-bats you have with this type of potential client gets you prepped and that is how you can convert more sales.

Managing risks is key - you need to understand and minimize potential challenges like changes in the market, turnover of tenants, property upkeep, financial obstacles, and unforeseen costs.

Is it the potential growth an area is facing?

I could potentially help you out on this!