Half way house - Good or bad investment?
I found a property for sale that cash flow's a good amount each month ($1800-2000) after all expenses paid. It is a 15 unit building, with three bathrooms and a community living room. It is currently licensed by the state (MN) as a Department of Corrections half way house. Does anyone have experience with these? Pros/cons? I'm assuming rent is guaranteed by the state, but you probably cannot set the rent rates. Any insight would be appreciated.