If some funds are available, is the standard 25% down 30 yr fixed loan optimal or would you recommend different financing?

A standard Landlord/Apartment policy will not allow the building to be owner occupied, especially if the title is no your personal name.

Of course, there are always multiple ways to overcome any challenge, but this is how we have done it so far...My partner and I currently own and operate transitional living houses in a Midwest city, and it is definitely a different business than owning or managing standard rentals.  

Investing as an LP in a non DST investment like a standard syndication offers less fees, more options, great Sponsors, 1031 exchanges, QOZ's, Funds, every asset class etc...  1031's are limited, though especially for your initial investment.

Schedule a final inspection to ensure quality standards are met.Each of these sections would come with an estimated timeline, budget, and list of materials required, making it easy to track progress and expenses during the project.

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.

Every state has a standard lease that realtors use.

What is the industry standard for underwriting?

There is no "standard" practice.

We have been applying our standard question sets but feel we can do better.