It’s smart that you’re looking into multifamily options, it can really help offset your living expenses while building long-term wealth.When analyzing deals, some key things to focus on are rental comps, vacancy rates, and property management costs.

There is extra costs, more regulation, and more liability. 

Depending on the fee schedule and activity this can cost significant transaction fees and always includes some red tape and extra processes to go through.

You need the backup option in case the mid-term rental market changes.Minimizing turn costs and downtime is critical.

The key is making sure the deal’s numbers work, your profit should justify the higher cost of capital. 

If you no longer have business operations in the old state, forming a new LLC in the new state and dissolving the old one may simplify compliance and tax obligations.Some states impose franchise taxes and annual fees that could make one option more cost-effective than the other.

If they don't show up, projects get very delayed and become unprofitable, even costly.

Trying to get a # from him about estimated remaining cost but got nothing.   

The cleaning costs alone were over $9k.

The market between the 2 locations & resident class (Especially if you plan to self mange or find a PM company), Your future goals and the costs associated with moving and transferring to a new hospital.