My plan was to "self-perform" a land contract by filling out a purchase and sales agreement for a land contract that specifies I will take over the mortgage payments, get authorized on their mortgage, and be authorized essentially to fix up the property and eventually sell it on the MLS since the land contract will give me that control/equitable interest.

And if they were renting, I gotta think they'd be looking to buy a home eventually and they'd know they'd need to pay less for rent so they could save money to buy.One thing you could consider is possibly looking at furnishing it and making it an STR or MTR. 

Some investors opt for larger homes with more bedrooms, while others convert existing residential properties to fit more people comfortably, ensuring they meet safety and accessibility standards.One thing to consider—smaller operations like RAL often rely on word of mouth and local reputation to fill rooms, so community engagement and relationships with local health care providers are key to success.PS: Fun fact—by 2030, it’s projected that more than 20% of the U.S. population will be over the age of 65, which makes senior housing a high-demand sector for decades to come. 

The marketplace is always evolving, so may eventually see more listings where sellers only set their listing agent commission for marketing the property and negotiating on their behalf, and not offer any buyer agency fee up front, and just settle on that in the Offer the buyer agent brings them.

However I do plan to move out of state eventually.

I converted my primary residence into a rental property three years ago.

I'm guessing they might eventually want all the ADA requirements. 

Based on my own experience, when I found myself spending thousands on rentals for construction projects, I eventually bought a Bobcat and it paid off within two years.

Hi Dylan,Your strategy to buy a townhouse for $260,000 with an initial $9,800 investment and live in it before converting it to a rental is a financially savvy move.

Anyway, he eventually won me over and I took achance on him.