You may just want to be clear in your post that you are not posting looking to raise the money, because that would potentially violate SEC regulations.  

Your next step would be to research your state's laws on assisted living facilities (as their called here in Florida) to find out the requirements and regulations.

One thing to note regarding Lansing rentals:  The city hates landlords, and their code compliance regulations and fees are quite egregious. 

If there is anything we can help with in regards to the nuances of NC state law and regulations with RE let me know. 

I am thinking to add something like this to the lease renewal agreement:The security deposit that was deposited by the Lessee to the Lessor as part of the Original Agreement, on the day of expiration of the Original Agreement, will be held by the Lessor as a security deposit for the Renewal Term.I hope it doesn't contradict our state's highly regulated security deposit handling laws.

I guess I’m not fully aware of the rules and regulations for a fha loan.

Rules regulations and unending fees That always go up , never down

The omnibus represents the enactment of the strictest rent regulation laws ever established and contains a host of onerous provisions that will have significant effects on the quality and quantity of affordable housing in the state.

I understand if you move out of this region you are probably right about better returns@Chad Urbshott i am getting hit hard by municipal/provincial level of rent controls and requirements so you really made the right choice to 1. move out of canada 2. switch to different business without such regulations.

It deletes provisions authorizing the Commission to adopt regulations requiring the investigation of an applicant’s background.