Depending on what you want to do they can be very,very involved.Most developers are buying value add buildings already constructed and operating for less than what it cost to build new.They are still building in areas where demand is really high and not much product is available.With that you have to see who is building what and where and how many other applications for new buildings for the area are in the process.You have to time the market with your land purchase,build out,and lease up so that you are not finishing your product in a saturated market.You can have 55 and over regular communities, acute care only,or a mix etc.Income is good but management and regulation is more intensive.Depending on size you would want to bring on a senior housing developer with a track record of experience.

Your lender will be in the best position to help you qualify for them.From there you just need to find a property that you can maintain, afford and that provides a suitable cash flow.

My tenants can usually not afford the first month's rent at the same time, that's due on the first.Deposits before signing a lease, or earnest money, is somewhat an issue here anyway.

Looking back at our own investing - there is a lot of lucky choices that were made allowing us to get out of one product at the right time and move into another area of real estate.

Landlord has very quality products and information.

No matter how nice you make a place there is a limit to what a tenant can afford to pay.

How could the land be put to productive use?

I need to sell it because I can't afford the mortgage.

I have seen other deals not work out.If you are buying to hold long term be sure you can afford to and that the location makes sense.

People like me always need someone to do chores that I don't have time for and can't afford to pay a professional to do.