Chuck, sorry the "mention" didn't register, I found this.Adult assisted living units are often based on population and zonning, which means it goes before a zonning board who are wined and dined by other AL operators to keep zoning restricted, if not at that point, at the licensing level, politics are always involved.Your best path with least resistance is getting with an existing owner operator and partner with them or build for them and arrange a lease.

You can find rental averages by county from one of your state colleges, or other government info.

Hi everyone, I’m 22, senior last year of Business Entrepreneur College, Bachelor’s degree.

Also the tank had a level gauge attached to it.

Remember, I am over 50, have six children with three still at home (college age), and need a good monthly cash flow.My goal for when I really retire is to have a six figure monthly income.

if there is only a small and narrow road for entry, that could pose a huge problem.You will want a survey, flood plain map, envrionmental phase I report (possibly phase II as well), and report from fire department on water pressure levels to the area and how many hydrants will be required.

I would go to eLance.com, post a broad listing of what you "think" you want, and when the replies start pouring in, you can ask more questions at that point in time and essentially get yourself a free consultation from experts.Of course, "experts" is pretty subjective, but the good thing with eLance.com is that the people all have customer feedback, so if you are talking with someone who has great feedback, your confidence level in their advice can obviously go way up (and vice versa).

Does none know if there is n income level at which you are not allowed to take tax deductions fom RE?

I have a few deals under my belt (lease options, sub 2) but I'm looking to take this business to the next level and become a full time investor.

If you were to approach me, I'd tell you to have 30% to put down as well as have 6 months reserves (mortgage and insurance payments) on top of that.Of course, the property must be above board as well, and by that, I mean it needs to debt service the loan, have a stable occupancy level, good tenants, no large deferred maintenance issues, etc.