Step 1 is define the box your working with. 

The current state of assisted living is largely the big box multilevel facilities where care and personal attention to the residents tends to suffer.

Important to know this ahead of time as you may find youself having to associate with a builder that checks that box as well.

I’m curious to know if there are others in the BP community who have experience with recovery housing as a real estate strategy.I’ve spent the last several years working on the development side of sober living homes, and I’ve found it to be a fascinating intersection of real estate, social impact, and long-term cash flow.

This time can also be spent learning everything possible about your target market using websites like Zillow.If your looking to invest in real estate, but be as hands off as possible REITs will probably give you your highest return.

The first deal is really not about getting a home run, but taking action.Learn how to run numbers and once something pops up that fits your buy box, execute on it. 

Keep good accounting of your money and your time spent on the business.2.

I specialize in small multifamily properties and house hacking working alongside BiggerPockets podcast guest Andrew Freed to help investors find high-performing deals in Central MA.My Background:  - Started in late 2019 I utilized an FHA loan to get my first 3 family property in Fitchburg, spent about a year fixing it up and soon after I refinanced. 

His helper did not show up so I (home owner) offered to help with the tear off and spent about 17 hours working. 

I just used my attorney as our registered agent, PO Box as our business address, and a separate LLC as the holding company. $50/ LLC and it literally takes less than 20 minutes for each LLC and costs less than $20/ yr. to renew each LLC.