It may take 1-2 years and by the end you will have forced some appreciation from the renovations but also got some natural appreciation from the market.

I know you mentioned taking time to relax, do you plan to further scale or do something different outside real estate?

@Bryan Hartlen thanks for sharing more info.Agree that it shouldn't take this long to do MoveOut Evaluation!

I did view their financials in January of this year they looked good to me.

Tight inventory can definitely be a challenge, but it sounds like you’re taking proactive steps.

If all you are doing is just sitting and waiting for tapes to come to you, you will eventually find some deals, but it will take a lot longer and you will have to kiss a lot of frogs before you find the princes. 

@Vidit Maini, I'm not a structural engineer, so take everything I say with a grain of salt.

For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

I think we have the option of taking out a heloc  and begin to invest elsewhere.The other idea , that I was thinking is paying off our primary residence which we owe 425k.

I attended the RALA 3-day training in Phoenix and took a couple of online courses as well, and while I found these courses to be very valuable in helping get a clearer understanding of the space and what it might take to be successful, I eventually I found it most beneficial to bring in a partner/advisor who has built residential assisted living facilities here in Texas and has been running them successfully.