There was a small house on the lot at one time but the renters were cooking meth so after much fighting with the courts they ended up tearing down the house.

I even got my wife hooked on listening to the podcasts while she is cooking dinner!

You probably already know this if you've been looking at properties, but in many Chicago multifamily listings "tenant pays gas" means cooking gas only.

So I'm not entirely clear on how that structure would be profitable given the number of cooks in the kitchen, so to speak. 

You build a portfolio of assets with sound financials behind them, cash-flowing properly, with short term financing instruments,  leveraged properly, and then you go to a long term hold facility(small community bank, savings and loan, commercial bank, etc.), for a portfolio loan on the group of assets.  

Obviously the model would be different here (MUCH higher interest rates, loan facilities etc.).

when i moved out here from the east coast, i was relieved to find that most tenants routinely are expected to provide their own refrigerator and cooking appliances!

Tammany Maryland: Somerset, Worchester Massachusetts: Barnstable, Bristol, Dukes, Nantucket, Plymouth Mississippi: George, Greene, Hancock, Harrison, Pearl River, Perry, Stone New Jersey: Atlantic, Cape May, Ocean New York: Nassau, Suffolk North Carolina: Beaufort, Camden, Chowan, Columbus, Craven, Currituck, Dare, Hyde, Jones, New Hanover, Onslow, Pamlico, Pasquotank, Pender, Perquimans, Tyrrell, Washington Rhode Island: Bristol, Kent, Newport, Washington South Carolina: Beaufort, Charleston, Georgetown, Horry Texas: Brazoria, Calhoun, Chambers, Galveston, Jefferson, Kenedy, Kleberg, Matagorda, Nueces, Refugio, San Patricio, Willacy Virginia: Accomack, Northampton Zone 2 (110 mph) Alabama: Autauga, Barbour, Bibb, Bullock, Butler, Chambers, Chilton, Choctaw, Coffee, Conecuh, Coosa, Covington, Crenshaw, Dale, Dallas, Elmore, Escambia, Macon, Montgomery, Perry, Pike, Russell, Sumter, Tallapoosa, Washington, Wilcox Connecticut: Fairfield, Hartford, Litchfield, New Haven, Tolland, Windham Delaware: Kent, Sussex Florida: Alachua, Baker, Bradford, Clay, Columbia, De Soto, Gadsden, Gilchrist, Glades, Hamilton, Hardee, Highlands, Jefferson, Lafayette, Lake, Leon, Madison, Marion, Orange, Osceola, Putnam, Polk, Seminole, Sumter, Suwannee, Union Georgia: Appling, Atkinson, Bacon, Baker, Baldwin, Ben Hill, Berrien, Bibb, Bleckley, Brantley, Brooks, Bulloch, Burke, Calhoun, Charlton, Chattahoochee, Clay, Clinch, Coffee, Colquitt, Columbia, Cook, Crawford, Crisp, Decatur, Dodge, Dooly, Dougherty, Early, Echols, Effingham, Emanuel, Evans, Glascock, Grady, Hancock, Harris, Houston, Irwin, Jeff Davis, Jefferson, Jenkins, Johnson, Jones, Lamar, Lanier, Laurens, Lee, Long, Lowndes, Macon, Marion, McDuffie, Meriwether, Miller, Mitchell, Monroe, Montgomery, Muscogee, Peach, Pierce, Pike, Pulaski, Quitman, Randolph, Richmond, Schley, Screven, Seminole, Stewart, Sumter, Talbot, Tattnall, Taylor, Telfair, Terrell, Thomas, Tift, Toombs, Treutlen, Troup, Turner, Twiggs, Upson, Ware, Warren, Washington, Wayne, Webster, Wheeler, Wilcox, Wilkinson, WorthHawaii: the entire stateLouisiana: Parishes of Acadia, Allen, Ascension, Avoyelles, Beauregard, Calcasieu, Catahoula, Concordia, East Baton Rouge, East Feliciana, Evangeline, Iberville, Jefferson Davis, Jefferson, Livingston, Pointe Coupee, Rapides, St.

In addition to real estate I am a registered nurse in iowa and i case manage for the elderly to help them stay at home as long as possible to prevent them from going into the nursing facility so if you ever need anything feel free to contact me and I can give you some more information.

With the $1M you could invest, you'd easily be able to get into a facility large enough to achieve all that you stipulated as your goals.