But Scott is doing something other than what you do, which is seller financing owner occupied homes.

I believe starting with something smaller will help me build the knowledge I need before considering larger deals down the road.

Additionally, when underwriting deals, you need to account for the general idea that repairs and maintenance will be a larger percentage of your rent, the lower your rental is.  

You don't have a home inspection to fall back on. 

If you’re in the position to buy multiple deals because this nursing home may get properties frequently.

There are new construction homes about 2-3 miles away going for 190-200,000 but I think they may be a bit larger than what I am building.

I am a little weary since I haven't done that before- not sure it would be enough to get me into buying portfolios or larger complexes though.. 

(larger would require fire sprinklers). 

When they do, you can refinance to a lower rate.Dealing with current high interest rates (about 7% on 01/27/2025) you have the following choices:A larger down paymentAccept a negative cash flowBuy down the interest rateCombine and balance all three to get an acceptable cash flow today.

This year is slower than normal because mortgage rates and home prices are so high.