Residential Senior Care Facility-I’m looking to purchase a RSCF in California in 2023 with six bedrooms and a staff that plans to stay with the new owner. I never purchased a property like this but I’ve always been interested. Has anyone purchased a senior care facility?
Hello, 

I’m looking to purchase a RSCF in California in 2023 with six bedrooms and a staff that plans to stay with the new owner. I never purchased a property like this but I’ve always been interested. 

Has anyone purchased a senior care facility? 
If so, what are some of the challenges and successes you encountered?
[{"id": "iypj5r4", "text": "Is this investment for you and do you have any Experience with running a senior care facility?", "replies": [{"id": "iypjj3g", "text": "I don\u2019t, but my mom has been GNA for about 30 years. I know I don\u2019t have be hands on but I would have to hire someone who is qualified and licensed.", "replies": [{"id": "iyputdy", "text": "Have you run a proforma or put together a business plan? \n\nThis is a business with tight margins where quantity is needed 6 units is small and doesn\u2019t leave you much room financially.  \n\nThis is leads of a CRE question and more of a question for senior care providers.", "replies": [{"id": "iyr6u9w", "text": "I\u2019ve looked at a few proforma\u2019s and one being  standard commercial investment where the business continues to be operated by the owner and the property owner collects rent, which would be ideal for me but those seem to be rare. Many of them are selling the business and property.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iyrwifc", "text": "Isn't the limit like 16 residents for the 1st tier license. Seems expensive to only have 6 beds. I know almost nothing about this, but it sounds like you need to do some more research and get you or your mother licensed. Running and owning an RCF is a lot of responsibility, not really a side business IMHO.", "replies": [], "depth": 1}]