Upper floors even less and basement perhaps only 1/10th of the ground floor $/sq.ft.You cannot rely on a CMA done by someone else.

My investing knowledge is at a beginner level.

If the banks maintained their current level of inventory control, there’s no telling how long they could prop prices up.Jeff

I worked on a similar level to this at Hines for many years, have strong ties there and would like to open a dialogue there and with others regarding this.

Fixer uppers can be a good deal as most people estimate high on repairs, though if a home is in real trouble repairs can be quite expensive.

Joey, my homes are in solid middle/upper middle class neighborhoods.

Chuck, sorry the "mention" didn't register, I found this.Adult assisted living units are often based on population and zonning, which means it goes before a zonning board who are wined and dined by other AL operators to keep zoning restricted, if not at that point, at the licensing level, politics are always involved.Your best path with least resistance is getting with an existing owner operator and partner with them or build for them and arrange a lease.

We keep in touch with the county extension agent to determine rent levels.

Also the tank had a level gauge attached to it.

if there is only a small and narrow road for entry, that could pose a huge problem.You will want a survey, flood plain map, envrionmental phase I report (possibly phase II as well), and report from fire department on water pressure levels to the area and how many hydrants will be required.