My scheme gives tenant a stake in taking good care of the property and attracts good tenants to the scheme. 

I am hungry for knowledge and am trying to intake all the info that I can.I am currently generating a list for my direct mail marketing which I am doing myself.

I don't know the city itself much and I am not interested in taking that risk, so I'll stay away from that.Finding a local PM is one of the big challenges I see.

The current renters leave 1 Oct and my wife and I are interested in taking possession of the house, barring any glaring issues after an inspection.

I am a big believer in take what the market gives you.

Your right Robert - I am not interested in taking over the headache.

Well I believe in taking loan and increasing your leverage and buying 5x and of course you got to pay that off overtime but think of this if you have $100k cash and buy a house and rent it out for $1000/ month that $12000 a year and on their hand using the leverage down payment of 20% and buying 5 houses and renting it at $1000/ month each that is $60000 a year revenue and after paying your mortgage you will still have $30000 as compared to $12000.

Your response is, "I have something you may be interested in taking a look at, it has cash flow, depreciation, tax write offs, low maintenance. 

You're going to have a tough time finding "good looking" numbers in a red hot market as everyone is willing to pay a premium to get in. Take

Anyways - my .02   Also dont go cheap on the bathroom doors - I'd put 36" or the next size up for bathroom and room entry doors -- this could be mandated by code as every state is different as we've all talked but the larger the doors the less issue you'll have and larger doors and larger bathrooms can also give more leeway in taking care of heavier care patients which is more revenue for the facility.