Give them enough money every month to cover the negative cashflow due to their nursing home bill.  

For those who don’t know, Steve Lehman is a tremendous resource in Indy for any investor needing an objective opinion on all things related to investing in this market.Quote from @Steve Lehman: @Jared FisherI will strongly advise using @Lauren Perry.

Welcome to BiggerPockets Erica and best of luck investing!

Ensure lender approval before bringing the mortgage current, and use escrow or a lien to protect your money.

Insurance is now a big factor in the expenses of investment properties, even here in Reno, NV there are areas that have had large increases for single and multifamily properties.

@Mike BatorMight be interested but would need to have audited financials on the current rentals to even have our investment team consider it.

But your not your a ****ing using no good whore who uses people to make money and when you get what you want your done.

A $300,000 hard money loan will cost you about $100/day to carry. 

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

Been in commercial real estate 21 plus years and a specialist in NNN.Investors getting started look at dollar stores as they are often only investment grade tenants in those tiny price points. 1 million dollar NNN like 100k house.