Arrange to pay them a reasonable down payment and monthly payments.2.

Depending on the property and the level of care provided there, the residents pay $600 - $700/ month in rent that goes directly to you, the property owner, and has the care agreement with the operator for whatever their cost is.

Members/Tenants pay weekly, so reaction time to payment problems is pretty quick.

They may not be able to pay the fines.Assessments that you are forced to pay for repairs or upgrades. 

Josh,If you're paying attention: I too like this idea.

I pay my bathroom guy separate for those.

Man, I can't imagine being in Metro Detroit and not going hard into the Detroit (proper) market.That's exactly what I did and it's been amazing.

Im a new investor and I've been running some calculations with the BP calculator and I think I have found some good deals but I do not have the best credit right now (middle 600s) and I do not have the proper funds id be comfortable with, with buying a investment property to try and BRRRR or just upgrade a few items.

I have already established a SD IRA with a custodian.I am looking at establishing a SD solo 401k with checkbook control with a provider at lower costs.I also am looking for advice if it is smart to leave my SD IRA with a custodian and pay the higher fees or if I should roll it over to a provider to minimize cost and gain checkbook control.Thank you.

He said we would utilize a payment service to ensure payments are made, and also a "performance deed", so that if they stop paying I could reclaim the property without going through a year-long foreclosure process.