@Michael Beirne Lower priced markets such as Baltimore are very difficult to operate in utilizing entirely 3rd party support.

Heloc’s are best utilized with a short term strategy, ie flx and flip, to BRRRR, etc.

This way you can utilize the leverage if you plan to scale up in the future.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

My thinking is that by renting to a residential care facility I can effectively utilize all the space, earn above market rent, and help provide a needed service, while avoiding tenant parking jams. 

This is a team sport.

In Chicago you request a CHA Burden sheet and that gross number minus utility allowance will be what you get in addition to making sure bedroom size is adequate.  

.✅ Exploring creative ways to get deals done, even without a ton of upfront capital.I know that success in real estate is a team sport.

I got into RE investing utilizing the same strategy as you're exploring.

It is what is left after snow removal, cutting the grass, utilities, tenant issues, parking lot issues, property taxes, mortgage payment, etc. that make a difference.