The tenant is not as much focused on rent when they are strong regional to national in nature but the best spot they believe drives the most sales and profit annually.It's the lesser quality smaller tenants that are more sensitive to rents because their model is not often proven with scale or over time as much.So you have to know what you are buying and what to do with it.I buy same stuff for cash but I am the GP on the syndications and my LP's put in minimum 200k per deal as accredited investors.To convert the bank to medical would be very expensive.

Most important is getting a RE knowledgeable CPA who knows to outsource the calculation-intensive work involved in a quality engineering-based cost segregation study.  

Outside of real estate, I enjoy quality time with my wife and two kids and pretty much anything outdoors, especially golf.I am excited to learn and connect with you all!

It will depend on the size of the house, the scope of work, and the quality of materials used.

If you really see potential and like the overall quality of the property you may need to get creative on making sure you're covered if the units take longer to lease there. 

Are their listings detailed with good-quality photos?

Louis are higher than the national average, which can impact tenant quality and property values, so thorough neighborhood research is essential.

Also how stable the area is and appreciation potential (crime rate, school quality, vacancy rate, population growth, job growth, etc.).

In my acquaintance's experience, one of whom has triple digit number of loans being serviced by them they have produced quality and reliable results.FCI is another large, well known servicer used by many people in the industry.

I am curious, has your friend mentioned anything about the quality of life or benefits from an investment standpoint outside of affordability?