What are the key factors influencing the cost of care in assisted living facilities in New Jersey and New York?

I will reinvest all of the funds from the anticipated 600K sale (less 35K in selling costs).

The renovations are covered at Replacement cost.  

In the event Sellerfails to close the sale of the subject property pursuant to the terms & provisions of this Agreement, Buyer shall be entitled topursue legal recourse for specific non-performance and shall be entitled to compensation for any costs associated with suchactions, including but not limited to escrow fees, title fees, attorney fees, court fees, etc.

It's family and I do much of the engineering/cost modeling work for the existing operation.

Replacement Cost:  the cost to rebuild the structure with the same kind and quality2.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

You know him better, so use your intuition to determine the best way to have this conversation.Silly question, and maybe I am just naive, but don't most contractors bake these admin/reimbursement costs into their total quote?

I feel Ike they pivoted quite a bit in the last few years since city and subsequent county license requirements spurred an STR plateau and the motivations are a bit deeper and multi-purposed now.Take parallel economies, such as Uber/Lyft, the ONLY two TNC license holders in the state and each year pay an excise tax of a few hundred thousand a piece, if not more (just for the permit, not including the whats taken from drivers).

During COVID, evictions stacked up costing tons of legal fees and bad debt.