I’ve seen deals like this before where a seller needed quick cash but was still emotionally tied to the place.

Also, from what I read in Bloomberg, midterm rentals near major hospitals can sometime command a decent premium.. especially if they include some nice furnishings.Little Tweaks Count: Even minor upgrades, like new door locks or a fresh coat of paint, can help you justify a stronger rent.Driving for Dollars & Networking..

Legal Implications and RisksThere are a few legal and procedural risks to be aware of:Title and Zoning Issues: Confirm there are no restrictions tied to the property.

These properties tend to hold value better and offer stronger appreciation compared to duplexes or small multifamily units.

It's all tied up in real estate.

Leave you with one last question: Does your reports from any software tie in to exactly your tax return? 

This can be a very good move if you have plenty of equity tied up in your house. 

- This ties into the previous question a bit, but we have around $70k that we could be comfortable deploying into this if we find the right deal. 

Not sure if this will go against the culture here but if I read correctly and you are considering tying up your primary residence to an investment property please reconsider leveraging the home your family lives in. 

Being tied to the mortgage or deed post-divorce is a bad idea, we have personally gotten dozen of calls where things went wrong post-divorce when someone was still on the mortgage.