I want to start setting up CLHF homes here in Southern California. It stands for "Congregate Living Health Facility". Similar to RCFE but they're more medical based. It's mainly for people recovering from strokes and stuff like that. I like it better than RCFE because it's not private pay. With CLHF you're paid by insurance and you get tenants sent to you straight from hospitals. These homes burn a lot of cash in the beginning, but then once they're set up it's a high income producing and ultra stable asset. You have to do a lot of retro fits to the home in the beginning, get the home licensed, and then have staff on site as soon as you're licensed before your first tenant. So they month or two while you're getting the home filled with tenants, you're burning cash on staff. The start up phase is what I wouldn't be able to swing financially myself. I do have a lot of successful business experience, I have connections in with hospitals, and I would put up enough of my own money to have real skin in the game. I do not have experience in this specific industry though. Thoughts?   submitted by   /u/UnusualAd3207 [link]   [comments]