However, because this data was collected over the past year and we just had the eviction moratorium lifted recently, my hunch is that the majority of the data attributing to this data set are the new asking rents once there is a vacancy.

Just make sure they specialize in real estate locally.

@Chris Tedeschi For the loan, you likely need to speak to a bank that specializes in commercial real estate lending.

What special skills do you have that could help in her business?

There are consultants that specialize in Assisted Living Facilities; might be worth hiring a consultant so you know what you are getting into.

Just because you're next door doesn't mean you're answering them at weird hours, or can give them special rent deadlines, etc.

And could you also refer me to some lenders that specialize in financing for rental property?

Hands down, I attribute my confidence going into my first deal to everything I've learned on here.

It's probably because the spread is too much and they did nothing special.

I obviously would prefer the 3-3.5% down you and @Ozzy Sirimsi mentioned, who do you go through and is it a special kind of loan?