@Phil Morgan,I'm not sure about Elyria's local code, my thought in general is that all is needed is to advertise it as Senior Housing, maybe someone else will chime in with more info from that area, James Wise may be able to shed some light on it

Hello BP community, my name is Dantrell Baker and I am a senior at Northern Illinois University majoring in Business Administration.

The major legal hurdle sounds like it's covered in that a Philippines citizen or corporation must own at least 60%.

But the property manager I hired (with great recommendations from a senior investor) is questioning if we can raise the rent until after April 2019. 

I plan to start building credit soon by opening two new credit accounts with secured cards - that seems to be the safest way to start.I'd like my first investment property to be a rental near the Notre Dame campus, and I'm aiming to purchase it over the summer before my senior year, giving me time to make small improvements to the property and secure tenants before the beginning of the academic year.

It was honestly sad that a house could get as bad as it was, especially since it was still fully furnished with someone's possessions (senior that moved into assisted living I believe).

@Dana Hoffmann We use Citizens here.

Brandon,There are many good books specifically on marketing to seniors that will give more in depth advice.

In Florida Bank B would have the senior mortgage.

Citizens Bank in Pennsylvania holds the Business Escrow account.