It is also helpful because we are Realtors and real estate investors and it provides a cushion for months that are leaner than others.

The $1,500 net cash flow you mentioned represents a tightened rental return that could provide consistent passive income.

I'm considering partnering with a non-profit that would manage the sober-living program; with me just providing the house passively for rent on a per bed basis. 

Quote from @Burke Atkerson: With over a decade of real estate investing experience and over 100 flips, I now provide private money & hard money loans.

But what it does provide is a framework.

Quote from @Roger D Jones: SamEveryone here is providing great points to consider and if you were my son I would say that at 360k this 'dog needs to get put down'. 

Hoping that someone could provide some guidance on this so I can decide how to proceed?

What value is expected or provided by an agent who specializes in multi-family residential, not commercial. 1-4 units.

This was a cost-effective way to meet our requirement of providing just a stove and refrigerator (we don’t include washers or dryers), without breaking the bank further.But here’s the twist: If we were upgrading appliances for a long-term tenant with a stellar payment history, we might invest in brand-new appliances.

I may be able to provide you with some information.What type of investments are you looking for?