But the facility is obsolete so that no self pay patient or insured patient would live there.  

Portland did this in their pearl district it was a defunct area with a bunch of old buildings that were functionally and economically obsolete ( probably like many city cores) but prime locations and all the infrastructure is already there..

As soon as you've recovered the costs of your mining equipment, it is practically obsolete and needs to be replaced. 

@Gulliver Raza I paid an attorney a few thousand dollars to create an iron clad lease agreement a few years back, and then it became obsolete due to new disclosures being required etc.

People have been complaining about their fees since then too :) Occasionally the ground shifts and a particular area of skill becomes obsolete but the skill set has proven its worth over centuries.

Unfortunately the things that Lonnie did back in his day were great money makers but have been all but made obsolete in this under the microscope predatory lending world that we live in.

I personally am not a fan of "old" (1920's year built) properties because they may have obsolete wiring, plumbing, windows, foundation problems, etc....yet they can have charm and are often in great locations. 

I often see these large obsolete homes and think they’d be perfect for senior congregate living.

Anything you know about 1031s might be obsolete in a few years.

All the old, sadly "bad" neighborhoods in cities all over the country are these kinds of homes that we now call "functionally obsolete."