The family member has held the buildings for decades and managed on his own, but he is 80 years old with health declining and cannot properly manage them anymore.

Guidelines to follow:Only buy in low-cost markets if your costs stay under 75% even after paying for two major capital improvements, such as a new roof and a new water service line.Make sure you can eliminate all obvious safety and health hazards—like broken sidewalks, missing railings, lead paint, or poor lighting.

Turns out it's not only better, but also cheaper to have certain tasks done by and paid for by society.I grew up in Austria with free health care.

After looking through the past threads regarding senior housing it seems like it is a very difficult market to enter due to the need to essentially be a health care provider.

Without knowing the total picture (goals, income needs, tax bracket, heirs, health and so on) the seller could put together a properly structured long term lease option, that should do the trick.

You could only evict for health and safety reasons.  

A properly installed radon mitigation system with post‑test results under typical safety thresholds doesn’t devalue a property; if anything, it reduces a future buyer’s objection by turning a health risk into a solved, documented feature.

Not really.You’ll need to confirm:• Commercial kitchen compliance• Health department approvals• Ability to produce resident-appropriate mealsRestaurants and AL kitchens are not always interchangeable.6.

I am in my 50s and in good health and excited to start as a new real estate investor. 

( difficulty reselling the unit, and it has a small percentage risk on your health)I would like to know if the value of the condo will decrease overtime and your thoughts about the situation.