One thing you need to know is Illinois/Peoria has programs which will limit or reduce the property tax for Senior/Disable citizens.

It was mostly, however, information pertaining to the average income, who the citizens of the town were, their behavior.. etc.  

If so they should already have connections and you should be training up on a team where for example there is a senior director, director, and then you the junior broker or agent.

Hi @Bob Bowling and @Leshon Hill you are both right in your own way, Leshon that is not an actual cap rate is ROI( Return on Investment ) just simple I do Joint Venture Consultation, for many Assisted Living, senior living, drug rehab, ETC, its business who they structure it is as Market Valuation, lets say you do by the Property for 300k make 50% ROI 150K your first year, you will structure a more realistic Valuation as Business rather the a Real estate ( Cap Rate structure ), so to re sell your property gain equity and get more interested clients you don't advertise as 50% cap people will think you are crazy even do the returns are 50%, you structure your Valuation once the business is running and has proven track record not Proforma based, in lets say 1.5M business for sale generates 10% ROI/ Cap rate, also you shouldn't call it cap rate maybe proforma, but its better to used Return on investment term. so its better for you invest 300k keep business for 18 months, sell for 1.5M and do it again. or sell 750k Equity in the Business keep half of the monthly revenue, make 450k Profit open another. that's what we do, and works fine with assited living senior care I will assume will be the same with drug rehab. best luck PM is you need anything.

Your best bet is to replace them, not even Citizens will insure them.

I wonder if this is common in Canada  Australia Great Britian ext.. were you have robust RE markets and investors..... or do they just think us USA citizens are the dumbest on the planet ? 

There are some fairly stable ones that do senior assisted facilities as NNN with strong growth and dividends like OHI and some others in that same class.

I didn't just read a few articles about this subject, I was a subscriber to a site that teaches the average citizen how to research the laws pertaining to the TCPA (Telephone Consumer Protection Act), what a servicing company can't and can't do as it pertains to foreclosures, The MERS system, Bifurcation,  and much more.

Anyone out there working on any senior housing/ independent living projects?  

I know in my area, the mobile home stuff is very heavily regulated as affordable senior housing... make SURE like in writing that the city will allow you to do so...