I am in the process of buying a 12 unit apartment, 11- 1/1, 1 - 2/1. At this point there are some vacancies and the rents need to be increased some. I would be interested in changing this into a subsidized seniors apartments, or special needs apartments. Does anyone have words of wisdom or experience in doing this?
I'm interested in investing in Charlotte. Not in apartments but to companies providing Home and Community Based Services to individuals with special needs. Do you know of any companies that do that?
I do not, i’m Sorry.
Some states will not allow a landlord to do that. It’s considered a form of age discrimination. Check your local laws.