The Assisted Living Facility will have insurance and $1M in liability coverage.I called my current insurance and they told me they would no longer cover if I rent to a business like this.

Whatever you may want to do investment wise, There are plenty of ways to get in touch with service providers of every need, all quick and efficient.If you'd like concrete information regarding our market, more insight, and personal opinion, just give me a shout via reply!

My plans have since changed and now I would like to sell.

@Conor Kelly,Though I’m not Canadian, I am an active investor in Montgomery, so I can share a few details.The first thing you’ll likely notice is that properties in Montgomery are pretty affordable, even when compared to other markets in Alabama.

If you are closing outside a title company, which it sounds like this is the situation that you are in, you would simply need to ask an attorney for a note and deed of trust, (once you have completed your 1st transaction, I would ask your title company for a draft Note and Deed of Trust).Once you execute the Note and Deed of Trust, and have it notarized, you simple take it to your local county clerk to have it recorded, the Deed of Trust will have the mailing address of the lien holder, and the original will be mailed to them in 1-2 weeks.Hope that helps, Dustin 

Some spots in dayton you will see stuff like that which is why I always tell my clients beforehand what they can expect. 

But like Edwin Watson -- I am a local investor/agent here in Indianapolis -- and I have also driven by their properties and they seem to be great quality. 

If you would like to discuss anything with me please reach out!

Your loan will be capped anywhere from 65% ARV to 75% ARV and that will depend on lender, credit, experience, deal spread, risk.In that deal cap you have guidelines like borrower can get 80% LTV is their experience is X and credit is Y, and they can get 90% LTV if their credit is A and exp is B. 

Just because you have done it yourself before doesn't mean you necessarily are doing it in the most efficient/cost-effective way.At the end of the day, building wealth through real estate like you are thinking might be the best move, but you shouldn't just drop things that are working now for something potentially better.