Hey @Grant Med, welcome to the BP Forum!

👋Great question — residential assisted living (RAL) is a really exciting space right now, especially with how fast the senior population is growing in the U.S.To break it down simply: RAL is when a regular house is used as a staffed assisted living home for seniors who need help with daily activities (like meals, meds, and bathing), but want to live in a more homey, comfortable setting — not a big commercial facility.

Ironically my son is applying to med school this summer.  

@Grant Med, thank you!

will be completing a 1031 exchange on 2 of our properties and targeting small/med multifamily (10-30 units). 

Looking to qualify for a rental while in med school? 

Quote from @Grant Med: Hey there!

If you get a five bedroom, you might consider renting 3 rooms, and keep the 5th one to rent STR maybe to med students just doing a six week rotation. 

The only material difference is as follows:- Med pay is limited to $5K with CBIZ and Proper has no limit (up to $1MM)- CBIZ has higher wind/hail deductible - policy is $2.5K but wind/hail is $9K (Proper is $2.5K across the board)- CBIZ has sewer/drain back up limit of $10K and Proper has no limit (up to dwelling value)That said, my quoted CBIZ annual premium is $2K less than Proper. 

I'm looking to start getting into rentals (med. to long term) and have a goal to have this replace my current income by the time i retire (if i ever to 😅).