Just found this thread... considering Huntsville has now outgrown Birmingham in less than 5-10 years and is continuing to grow, I'd say this aged quite well!

She asked for prorated rent if she moved out early, which I happily agreed to and she has been extremely cooperative.Lower unit tenant is mad that someone less than half her age owns the property and is not letting her stay (she has been there 10+ years).

It could've easily cash-flowed but the age and condition would have been a PM nightmare. 

I never bought my dream home at the stage of my career when I was at the age you are. 

I’d be willing to not make any money whilst renting out this property, but it will give me a place to live when I move out there, and I can always renovate and create more value if I want to rent it out or sell it in the future, but I likely won’t for many years.

Really gave me the push to take this seriously seeing all the investors my age doing what they do there.

don't forget to look at new construction typically much stronger than existing, especially in a market like columbus where the age of properties will really impact your bottom line.

No slab houses, age restriction too i.e. expectation to be paid in full before retirement.

This will help you understand your current net cash flow accurately.Consider Future Expenses: As you mentioned, the property is aging, and there are upcoming capital improvements such as a new roof and potentially a new HVAC system.

How does the demographic profile (age, income, health status) of potential residents in New Jersey and New York influence the demand for assisted living services?