Converting a property to a Residential Assisted Living home
Has anyone considered converting their property to a Residential Assisted Living home?
The other day I came across what seems like a really good concept, Residential Assisted Living. I am looking for some feedback from anyone who is doing/has done this. Seems like the cash flow opportunities are fantastic.
The concept is to convert a single-family home into a multi-Tenant senior living facility with 8 to 16 unit rooms staffed with a home director and care assistant(s) to assist seniors with their needs. Not for seniors who are not self-sufficient and require a nursing home.
Thanks for any feedback.
If you are interested, I can put you in touch with a company that organizes and finds appropriate types of properties for this need.