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

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.

Some even promoted on Biggger Pockets. 

Asked this same question a lot--here's my two cents--first define what you're trying to work towards & when you want to get there--a lot of people want passive income with minimal effort then get upset when their "sanity" currency becomes over leveraged--check out Robert Allen's shift--he started as a massive creative financing & BRRR promoter then went the turn key route --DM if interested, can expand 

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.

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.

( 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.

We’re seeing a bit of an oversupply of long-term rentals lately, and we have been applying different strategies to promote ,positioning , house perks , house shine conditions and price reduction strategies on our rentals... as we have done in the past with the only difference feedback from tenants has been they have too many options to choose and resulting slow to keep fulfilling the vacancies compare what we used to see in the pastI’ve noticed some folks offering incentives like a free month of rent instead of just rent price reduction.

It wasn’t to promote anything.

At the same time, we know that our LPs will want us to have a system of preferred returns, promotes, etc. to ensure that we uphold their best interests and perform, and we'd like to charge a small amount for managing the entire deal.