You simply sell the real estate and do something else with the cash. 

Until you have to do a major repair like a roof.  

How did you find this deal and how did you negotiate it?

@Matthew Strack It would depend on your goals and comfort level.

It's a business.

After talking to as many operators who would chat with me here, location is the most important factor - it keeps the beds full.

You just need confirmation from your broker the amount you would receive from the commission (if they take a cut), if you're your own broker you can authorize that yourself. 

A lot of positive reviews from these mentors/gurus comes from people who psychologically feel the need to justify why they parted with thousands of dollars even tho deep down they know they were duped.If these gurus were really successful, they would be out doing deals, not selling courses.

(New build with Lennar)Do you think it is a good place to buy?

What steps do I need to take to make sure I can get this going as smoothly as possible especially when it comes to resale in the future?