We plan to add several other revenue streams, including renting out onsite storage that was previously included with units, covered parking, revenue gain from a new laundry facility (just completed), and adding amenities such as a grill patio and play structures.We project the IRR for a 5 year hold to be 23%, and a 10 year hold at 20%.

This means some of the housing previously exempt under Costa Hawkins will now be subject to the State’s rent control provisions.Owner-Occupied housing accommodations in which the tenant shares a bathroom or kitchen facilities with the owner who maintains principal residence with the residential real property;Owner-occupied duplex in which one of the units is the owner’s primary residence at the beginning of the tenancy and the owner continues in occupancy;Single-family homes and condominiums if the owner is not a real estate investment trust, a corporation, or a limited liability company in which at least one member is a corporation.

I look at every multi that comes on the market every day in the 4 counties in DFW and now six counties as I have had to expand north for my clients so recently added Cooke and Grayson.Very few properties, less than 1/2 makes sense financially, but still people buy them. 

Looking at this at face value, you might be right but with a little home cooking it might be feasible.  

Hello Investors, I was contacted by a company that runs an assisted living facility / group home in Phoenix, AZ.

Another thing you can do is make the facility or home a non-smoking unit.

The owner must grant such access to computerized orother electronic records & to any computers, facilities & mustprovide any information or assistance needed to access the records.5.

I am near tons of medial facilities, however I think  @John Oden is right  in terms of the nurses typically are on assignment by themselves and look for the more economical options so my 3 bedroom is not as economical unless I encourage them to find roommates which does take time.  

@Bjorik Mutize @Josh Cook @Michael Dang @Dan HeuscheleI did get Google Voice and a separate Gmail account and they both are exactly what I was looking for!

I cook big breakfasts for the family in the morning with the nice kitchens they provide and we end up only eating one meal out each day which saves us a ton of $.