Affordability in Specific Areas: In comparison to other large cities, several neighbourhoods in Phoenix provide reasonably priced homes.

If you are in a heavy sun, high cost of electricity and high rate of usage market, and you buy the panels, and you can resell to the provider rather than maintain your own batteries, you probably will make money especially if you hold long enough.

Pricing generally is impacted by every 20 point increment of your middle mortgage FICO mortgage score so a 740-760 score will get a better rate than a 680-700 score.2.

Ultimately, ensuring you have adequate insurance and an umbrella policy in place can provide added protection in the event of a lawsuit.

I'm hoping the $200k~ equity cushion would provide warranty against a downturn and not having enough equity to refinance.  

I have a decent background here in Chicago with real estate, tech, and construction so happy to brainstorm with you and provide any feedback.

You're just providing a place for them to lay their heads.

Never stop improving and seize any opportunity to expand your impact.

Seems like with full control over my pricing, and a little more effort and personal touch than Evolve can provide, along with automated systems to make sure communication is handled in a timely manner, I should realistically be able to expect a lift in revenue, on top of what I'll be saving by not paying Evolve.Thanks again for the input!

Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting to such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property to standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.I know tons of investors who are renting out their properties using this strategy here in Fort Worth.