@Belinda Lopez  very good points many reia's are owned by someone who is making a living running the REIA  or they have a publication of that reia and sell advertising.

Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate a higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property for standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.

With modest rent increases next year should be $24k/mo. $288k/year.

I’m currently living here with a roommate and have a 3.3% interest rate loan on 300k and still owe about 280k.

I live in California. 

I can get $1,000/ month in rent or do I just sell for a loss and try to find a cash buyer who would live in it.  

Rent needs to be > 1% of the purchase price, it's usually still not good even when this is met though, this just tells me when to dig deeper on somethingYou should look into PadSplit, I live in one right nowGood luck! 

I was initially thinking to purchase it and use it as co-living space for workers at a nearby auto-manufacturing plant, but am considering what other uses would make sense.

Hey guys, my name is Zack Nelson and I live in Northeast Nebraska and own a single family rental home in the same area. 

I may also consider it for short-term rentals provided it its easier to manage, I live about a 3-hour drive from the property.What are your thoughts/opinions?