A couple of the developers have been Assisted Living Facilities.He is wanting to see if there is some way to lease his parents land to one of these developers, so his parents can either retire to one of the Facilities, or provide them with a monthly income so they can live in another one.  

A mixed use property my dad bought in 1963 for $25K sold for $1.1 million a couple of years ago, only to be torn down and condos built, 1 BR's sold for $600K each, rents for a few thousand/month.

Feels like a good deal (nice lower income neighborhood, bike paths, parks, 10 minutes from personal residence ) but the AC and roof may not have too much life left.Based on my analysis, I think the FMV for a 2/1 like this is closer to 35k.Inspection in a couple days - planning on asking for $3-5k back at closing to a) mitigate risk of roof/hvac replacement and b) bring purchase price closer to FMV.Is a deal like this worth walking away from if I don't get a concession post-inspection?

You can set occupancy limit's and a person is an occupant no matter what age.Your occupancy limit per size apartment must be consistent and not exceed city code standards.I like quite buildings my units are desirable enough that a single occupant can still afford a 1 br. and I limit my 2br units to 2 people.. 

I am brand new to real estate (I bought and rehabbed my own home a couple years ago and fell in love!)  

I have over 11 years of marketing experience developing marketing campaigns with big brands like Verizon Wireless and Qualcomm, 6 years of event production experience and over 11 years as an entrepreneur and small business coach. 

Im researching a couple of properties and the Zillow estimate for rent seems really low.

Hi, this may be a dumb question but I'm brand new to this.

I'm looking to get some input for a property that I will be closing on in a couple weeks. 

Check my profile for details on a couple.