Depending on what you want to do they can be very,very involved.Most developers are buying value add buildings already constructed and operating for less than what it cost to build new.They are still building in areas where demand is really high and not much product is available.With that you have to see who is building what and where and how many other applications for new buildings for the area are in the process.You have to time the market with your land purchase,build out,and lease up so that you are not finishing your product in a saturated market.You can have 55 and over regular communities, acute care only,or a mix etc.Income is good but management and regulation is more intensive.Depending on size you would want to bring on a senior housing developer with a track record of experience.

I am new to the real estate world, but one day would like to invest regularly.

Track the ads to see how long they have been running- if you print them off your computer put them (line listings, and occasional pictures) in a three ring binder for a great reference.

I have rented before and I can not wait to leave if some item is a regular annoyance.

Originally posted by "MikeOH":Throughout the United States, operating expenses run 45% to 50% of gross rents.MikeMike,Do you have a reference to any survey or study that shows that expenses run in the range you are quoting?

Condos (I think) are different than regular homes b/c you can build a ton of them and they don't take up as much land, while a house price may rise simply b/c the location is good and land is being used up (depending on where you are talking about).I am not looking to make a quick buck flipping the property.

Do they have a program to refer leads so you do not even need a site of your own?

Also, Vonage has a "refer a friend program".

We are however mandated by the city to follow codes in reference to updating our buildings(as would other parts of the country).

I have a listing that I referred to my brother-in-law.