Also have you done any pre-dd-  driveby, discussions with broker, property managers and other real estate professionals about this property.   

Readers should seek professional advice.

We've been happily shifting away from catering to traveling medical professionals in favor of larger groups of either families in a insurance relocation situation or a work crews coming through. 

Readers should seek professional advice.

., which creates a great opportunity to leverage real estate for attracting travel nurses and other medical professionals.

Although my wife is 'retired', neither of us will be real estate professionals.

This significantly lowers the cost per door and improves your return on investment.Scalability: A three-story walk-up design allows you to maximize your build cost and land use, just like most professional apartment developers do.Control with New Construction: Starting with a new build ensures fewer risks, as you’ll have control over the property’s condition and avoid surprises from existing structures.Pro Tip: If you do go with an existing property, make sure to thoroughly vet the deal to avoid hidden costs and issues.For first-time investors, multifamily new construction is often the best way to scale quickly, reduce costs per unit, and build a sustainable rental portfolio.

Is this a diy-fix, professional fix, or a complete replacement? 

Readers should seek professional advice.

If you want to be a professional in this business you need NARPM