I found a property that I like (I'll be owner occupying), however, it will need some work (plumbing, hvac, possible roof) however I think the price could be right.

We have already put on a new roof ($9,900), new fence + block windows ($2,400), new windows ($3,900), and new back stairs/porch ($2,700).  

Bigger pockets is all about real estate which part of your question relates to, but the business aspect of a senior living facility has much more to do with starting and running a business.I personally believe that all types of passive income are fantastic ways to help you quit your job and starting a business is definitely one of them as long as you get employees to run the business.

I hired a window company to replace them and usually find that hiring specialists is more time consuming (when building your team) but typically results in faster project turn-around and better control over each aspect of the rehab. i.e. fire the ones that suck without impacting other subs.

Real estate in many aspects has always been interesting to me, I've always wanted to own many properties. 

It is a good community to network and learn about all aspects of real-estate investing.

If he is loading sheets of plywood on his Ford Pinto roof........NEXT.

First and foremost define all the legal aspects associated with global REI, verify taxation and partnerships that exist between the (2) countries.

Siding is newer, gutters looks good, newer roof(2006), windows are very solid.

To give a general idea of some of the mess they left - left it with 2/3rd of the lightbulbs burnt out, holes in 4 doors, very poorly patched holes in the walls in more than 5 locations, missing showerhead, missing ceiling lights, excessive mold, large hole knocked into paneling, enough garbage to overflow a roofing trash trailer, 2 tvs (1 stood 4' tall), cobwebs and filthy walls, excessively filthy carpet including over 15 dog male (squiggly!)