Since they're month-to-month, it might be worth having a respectful conversation, explaining the market situation and any improvements you're planning to make.Some tenants might leave, which could actually work in your favor if you're looking to renovate each unit.

Good stuff to think about, thank you Sebastian.It's cool to see extra replies from time to time on this post as I continue with the ideas.It's interesting, I looked into different DSTs and had conversations but just didn't feel comfortable with what I felt was a lack of control or ability to really know the operators and properties.I also kept running the numbers and just couldn't make 1031s into other properties make sense with the new interest rates compared to what I have now. 

Hi all, I want to start the conversation about common mistakes when doing a BRRRR. 

Having some preliminary figures in mind can help facilitate the conversation

I have yet to find a real estate agent eager to help kick-start my investing journey, so I am open to having conversations and meeting new agents.

Happy to have a further conversation as I work extensively with non-US citizens. 

In a really tight market, you might have leeway of hundreds of dollars before a tenant will even think about moving; conversely, in a loose market, even $50-100 might have a tenant searching for other digs (cheaper or better).

You’ll want to check out the PA Code's Chapter 2800 for the standards around licensing, safety, and staffing requirements, and the Assisted Living Residence Regulatory Compliance Guide can provide extra insight.We actually have a local team here in Allentown that has worked on several of these conversions, so if you'd like some guidance or just want to chat through the process, feel free to reach out.

I've actually started some conversations with some folks from your team already, but would be happy to talk with you directly.

It is best to have a conversation with them to see how much time they need to move and explain why you are turning over the unit.