Just linked up with a good attorney and accountant and looking forward to building a successful and rewarding business.

We only care for two seniors at a time, as I did not want to run a larger Assisted Living facility and wanted to give them individual time. 

However, I am not sure how I would set up a business in which both parties are rewarded fairly.

@James Park well if the REITs are trading less than book value then that changes the risk reward ratio. i am not a REIT investor but if you are, that makes them worth a second look. 

Any professionals want to have a 50 state discussion regarding their experiences with individual states?

I'd like to know about the number break down, risks/rewards, how to find investors that lend, how to find properties that both sides can be happy about, how this method compares to other low/no money down options, timelines, legal, etc...If anyone has any book or website recommendations please let me know!

Generally, sellers use the NROC to weed out people that won't take care of the property, and eventually end up opting out.To be fair though, the L2O system is set up to reward the owner if the buyer makes a mistake, because they can keep getting NROC from new buyers when old ones are evicted/decide to move for whatever reason.  

In fact, the wholesaler is the one doing the work finding places and negotiating and should be rewarded for that.Hope that helps and good luck!

@Aaron Mazzrillo brings up a good point about CA, if you can afford to pick up a distressed property in Southern California and fix it up, you are going to be well rewarded for it.A group of San Diego investors met up about 2 weeks ago and are meeting again in February.

Talk to neighbors and ask they keep an eye on property and you will find a great new neighbor to replace the problem ones.Cutting corners when unknown occupant in Bar area of CA is not a good risk / reward.