Is anyone doing a Residential Assisted Living strategy?

@David Mueller I love using HELOCs, and have done this strategy multiple times over my career.

What's your real estate investing strategy? 

Subsequently, employing the 1031 exchange strategy once the 27.5-year tax benefit deduction period has elapsed.- As I am not a finance expert, I urge you to conduct thorough due diligence in verifying this information.

Currently, I do not own an investment property, and would like to own one in the near future and follow a buy and hold or house-hacking strategy (eventually transitioning to more multifamily).

Lastly, it's crucial to develop a clear strategy for your investment journey.

I know it's a stretch, but does anyone know what strategy this might be and where I can find out more about it?

Just because someone buys turnkey does not mean that is the only strategy they will ever follow to build their investment portfolio. 

The exit strategies that you can come up with will tell you if you are rushing, IMO. 

Every market will have strategies that are making money in one market but not in others.