and offer up question and answer support for anyone interested in investing in residential assisted living, actively, passively, or somewhere in between.Over my real estate journey I’ve tried a lot of different asset classes and finally landed on residential assisted living as my favorite real estate niche and perhaps the most incredible growth opportunity for the next few decades due to demographics and how that will drive demand to keep outpacing supply.

Today all these homes could be sold on the market for a good return since homes on Long Island has had big gains.

That said, check with a CPA if you can use expenses from the remodel to offset some of the gains.

Quote from @Dan Zambrano: Hey all,After thinking it over I decided to create a new thread.I am a small time passive real estate investor who has ambitions to expand greatly, first to $20M and perhaps maybe more. i guess I will give a little bit of background on my journey up to now.I am 38 y/o, Electrical Engineer by day, Architectural enthusiast by night.

I hope your middle finger behaved as you left the building for the very last time ;-)On a serious note, with the experience you gained on your journey, can you tell us your Top 3 do's and don't as one tries to accumulate RE.  

In reality it was quite a number of other people doing it together and the person making the post only owns a small percentage and they’re really making the post in order to gain limited partners. 

I am interested in investing in something a bit more passive as I am getting older and, while I love the real estate asset class, I do recognize the need for multiple streams of income. 

I agree with @Connor Hibbs's comment on terms for first time flippers and if this is something you want to start doing more frequently I'd look for lenders that offer some type of rewards program to gain better terms through doing repeat business.

Personally I wouldn't invest in these in today's market as you can get higher rates of return elsewhere like mortgage notes that are even more passive and have no capital calls. 

A lot of deals fall through in due diligence and if I have to liquidate early I could lose out on significant gains.