Live with family, stack cash, learn the numbers, analysis the market for a year, and then go find/buy/create a deal you can't pass up.

The reason it won’t work is that “low end” assisted living is not profitable.  

It would be a Boutique Class A home for between 6-8 people in one of the top 3 metros for assisted living.

Considering we live in Missouri, I decided to run a free search on CaseNet, a system in Missouri that lets you search for legal records - low and behold, I found our mew tenant and he had an EXTENSIVE criminal history dating back a couple of decades.

You’re right to be skeptical, that “membership company” workaround gets thrown around a lot, and most of the time it’s either misunderstood or pitched by gurus trying to sell a course.Here’s the reality after running co-living properties at scale:1.

There's huge demand for this space as more people age and need these types of living environments.

We live in the Dallas area, but are doing some investments in the Waco area to start with.

Of course, houses like these are prime spots for human and drug trafficking, prostitution, sex parties, and so on. 

Co-Living is tricky with tenants getting along and overall liability but is a great way to increase income.

Nice work turning that into a co-living play.