Central Okc close to downtown is what we call the “urban core” is very popular.

The blogs and podcasts are also very popular.

One of the big ones is the NWCLA (Northern Worcester County Landlords Association) in Fitchburg.The Worcester area is a popular one for people looking for cash flow.

Erin,Welcome to BP...I retired from the military about 18 months ago and just picked up a federal job down in the DC area.

And it is very popular with renters.$250,000 is NEVER a good price to pay for a rental in my opinion.

@Mark ByrgeSitelink has been a popular managemenet software for running multiple facilities.

@Joe BakerGood question.Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andThe Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (CHECKBOOK IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016; the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

The 2 of 5 thing is only for federal tax (121 exclusion).

Quote from @Marvin Michel: Hi Marvin,It looks like a solid class C minus rental with 1 br 1 bath.I doubt this will bring top of the market rents, but if you can attract 2 long term renters who get along well it looks like easy money.What I see is it looks dumpy from the street view, but its in a a pretty nice neighborhood of well kept up, MAINLY White painted houses.Maybe blend it to the neighborhood by painting it white vs. what looks like the teal-ish color so popular in Mexico for homes (although maybe that's you target market and if so leave it).It's not going to pull top of the market rents though, because for a class C minus there is no dedicated bedroom and the bathrooms in the competition are probably better.If this were in Austin (with it's high demand right now) it would rent.The giant patches on the inside walls, the shotgun floor plan, the lack of a dedicated bedroom, the bathrooms seem less than competitive.

I need to know what requirements we would need to build and run an assisted living community including: -Licensing requirements-building requirements-What grants, perks, waivers can be absorbed-facility requirements-state/federal requirements-safety issues/requirements-permit requirementsAnd anything else that would be geared toward an assisted living facility.Where can I find this info out?