For example, someone could have a bankruptcy that's a couple years old or medical bills (very common) or high student loans.

I myself am a Medical Device rep who has recently relocated to the area.

Hello,I have a house that was flooded in Harvey (Aug. 2017) for the first time (to my knowledge as I bought it from a wholesaler with no disclosure) .The house is one story with three bedrooms (one of them is a master suite) with a very reasonable living space and backyard.I rehabbed the house and it looks great now, ....nobody would buy it :0(The house is near the medical center in Houston (in a subdivision called parkwest near Westbury) If I rent it it will create a -ve cash flow of about $300I'm thinking to turn it into Senior independent living but it seems to be very complicated strategy with the best yield.Any experience in doing this in Houston would e appreciated?

I do see some ads for Colonial Life that say they take anyone and no medical exam necessary.

Some are very specialized, like WPG (malls in B & C cities) or NXRT (apartments in B and C neighborhoods) or REITs that are self-storage facilities, medical tenants, or cloud data centers. 

So I thought how about the education market - universities - not college students but rather graduate and professional students (e.g. medical students who spend 4 years in one place).Targeted tenants.   

I have a decent credit score (>750) but my brother has a much lower score (low 600's) due to some medical debt he incurred many years ago.

Is it education or medical debts? 

Normally the assumption is that the individual has followed the cease and desist letter with little follow up from the state.

I guess I’m kind of a late bloomer, pursued a medical career out of college and that has dominated the last decade of my life.