Your cashflow will be minimal but not insignificant. 

I'd build it so the profit is minimal and way offset with interest and depreciation.

We're looking at potential deals and some of the agents often present very rosy scenarios of rents, coc, and minimal expenses. 

This can lead to leak in ceiling right as you walk into a unit.On certain centers being sold lets just say some developers ( talking in general ) are know to put up new centers that might like pretty on the outside but are built like junk and then put in lots of mom and pop tenants who have high risk of going dark.

I am aware of UBIT tax and I am in the process of exploring other options on how to minimize the impact of it.4- This is the first time that I hear about equity participation note.

A large home for seniors who need minimal/no health supports with shared kitchens and bathrooms.

I certainly expect to make mistakes, but hope to minimize through mentorship from others, and what knowledge I have gained through appraisal experience. 

A few folks have talked about leveraging a HELOC in the future, but if you don't have other assets to back up that play and things go south it could force you to sell your primary home - that gets real dark real quick.

The fact that so many of these posts are from people who've never (or minimally) posted before and they are overselling it, even to the point of offering to pay for your first month, is suspicious. 

So it’s in your best interest to maximize profits in the rental property and minimize profits in the property management company