Government and non-profit organizations are reliable payers because they're accountable for allocated funds, often with strict deadlines to utilize budgets.

Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting to such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property to standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.I know tons of investors who are renting out their properties using this strategy here in Fort Worth. 

City of DHS is tough right now, they are enacting new very strict STR rules and it's tough to manage the process and fees unfortunately. 

If you plan for it, have strict rental criteria, vetting, etc, you will likely be fine.

I am strictly sales and have owned a marketing company for a long time as well.

What is your long-term goal, is it strictly just cash flow or to continue to build wealth?

There are strict rules regarding this when using retirement funds.I found a great website showing the advantages of rolling 401k money into a self-directed IRA.

Time is of the essence is typically part of a sales contract where it is stated on its own making it known that all dates are important and to be strictly adhered to.

Some cities are very strict.

While there is no strict time requirement for transferring ownership after a 1031 exchange, the IRS does consider the intent behind the transfer.