Rise48 is raising preferred equity at a valuation that is not market, with income growth projections that are unreasonable, and putting $7,000,000 of new investor cash back in their pockets... $7,000,000!!

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

I’m currently diving into the real estate world, focusing on finding off market deals and distressed properties as a bird dog.

We’re considering reaching out to local hospitals to offer it as housing for travel nurses and doctors, but we’d love to hear any advice or suggestions on the best approach this?

For most single-state investors, a local LLC is the practical choice. 

You're better off self managing or going with a local company with boots on the ground.

BTW: did you check local ordinances about boarding room rentals (which this would be)?

My experience has been overwhelmingly positive, but—like any market—it depends on your approach, risk tolerance, and the team you have in place.Detroit is unique.

Also, look to attend meetups local to you and connect with other investors!

Also one is generally hyper local (at least for a one investor) and REITs are generally not.