Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting to such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property to standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.I know tons of investors who are renting out their properties using this strategy here in Fort Worth. 

It's at the OC Fair and Event Center you can register for FREE on their website.Gaining a hands on understanding of what it takes to manage a property successfully will make you many times better at hiring property managers, evaluating data they provide, dealing with vendors, and tenants even if you later decide to roll the dice and invest out of state.Good luck in your journey.

This entails building personal/working relationships with people successful in the field.

The reason why you are not having any success finding any information is because it doesn't exist.  :-) It's like looking for an insurance for a speeding ticket.

My wife and I wanted to continue investing in properties and grow our portfolio in a more stable manner for our area.How did you find this deal and how did you negotiate it?

Asian's have a style  Indians from India have a certain negotiating style..

I'm interested in:Market Insights: I'd love to hear your thoughts on the current state of the Cleveland real estate market and any trends you see on the horizon.Strategies for Success: Do you have any preferred approaches to finding and evaluating buy-and-hold properties in Cleveland?

How did you find this deal and how did you negotiate it?

I’ve been negotiating seller finance options for the past 3 months, trying anyway to get this closed.

You're in the right place to connect with others investing in San Antonio and to build your team.Here's to your continued success and growth in real estate investing!