The overarching theme you need to remember is that you are an American Citizen first, a Realtor® second.  

Ideally banks/credit unions with lower seasoning requirements (time between purchase date and refinancing date) and smaller LTVs (20-25% instead of 30%) would be better.I'm currently looking at PNC, Citizens, 5/3rd and Huntington.

I know you don't own the land they are sitting on (hence the lot rent) but I'm still thinking it may be a good source of senior housing.

Reading some of the posts around here, I feel like I'm missing out on the excitement and maybe missing out on some returns, but am wondering if the extra hassle is worth it.Also, having had partners, and having had deals that soured because I couldn't control what the senior partners did (idiotic things), I vowed never to JV or do any partnerships in business or real estate deals ever again.  

My conclusion working in a day job has been we are owed nothing, we are hired guns, we are only owed the last two weeks of pay and seniority means little.  

The only way a senior is allowed to get an RM on a duplex is if they live in one apartment and can prove that they have at least 2 years landlord experience in the form of tax records.

The senior lien is certainly in a better position than the second, however, the most important factor is the total loan to value.

I work for a Capital Improvements company as the Senior Estimator.  

When pushed to decide which county his property would become part of, the old man, ever a survivor and diplomat told the authorities: "As much as I love the idea of being a citizen of Mother Russia, I'm afraid that at my age, I could not stand another long Russian winter."

My target demographic isn't seniors who might not be tech savvy,and I don't deal in low income, so my tenants very likely will all have a smart phone.