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.

As demand increases and the economy improves, so will real estate prices.My research indicates that if done properly, the yields will be between 15 - 20%.

Looking back at our own investing - there is a lot of lucky choices that were made allowing us to get out of one product at the right time and move into another area of real estate.

Having your 1031 set up properly using QI, type of loan used, etc. goes to intent as well.

Landlord has very quality products and information.

This means putting some money upfront into some things a tenant won't pay you a nickle extra for, because they just expect things to work properly and safely.You can buy a bath lav faucet for $12.

How could the land be put to productive use?

A buyer may not be able to obtain financing if proper permits were not obtained etc.

I talk to hundreds of people who talk the talk, but do nothing more than "gettting ready to get ready".Wholesaling real estate when done properly is a Low risk game.

I leaning towards "no" for a number of reasons---1) The three programs that I'm aware of require a min. of 52) Blanket loans are traditionally a commercial product and most won't consider any property types other then commercial.That being said, there might be something a local brick and mortar bank might offer that might do the trick...I'm in the early discussions with a 4th investor for a residential blanket loan that has a pretty min. loan amount (50K)---they could be the ticket, but I'm unsure at this point.