Keep in mind the potential for higher renovation costs due to older properties and the local landlord-tenant laws.Good luck! 

If they were so successful in the industry, why would they give all that up to mentor?

I’m passionate about the senior living industry and providing a high-quality environment for residents.

I don't invest overseas, but I do invest in multiple markets across the U.S.

You didn't write how much 'sweat equity' you put into this place, but it was likely well worth it given the $400K cash out.  

Quote from @Scott Mac: Can the staff force you to do that or hold you up in some way?

Quote from @Brett Riemensnider: Wish I didn’t have to post this but I am torn on what to do.

I know the larger companies around here were charging up to 25% but it will probably vary no matter where you are at.  

@Zachary Freeman- How do the utilities work on the tiny home?  

Hi @Robert B Azimi,A home that has been registered through The Mills Act, can be rented out the same as any other property, and it can even increase rental revenue as there are people who really like the thought of living in a historic house.