We’ve started talking about the potential for collaboration, particularly to reduce construction costs by building simultaneously.

When you took in the increased cost of the build how did you arrive at that percentage?

My wife works for Ferguson, and I know many contractors, so I can get a lot of materials at cost.

My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects. 

We abated the walls, and that added $10,000 to our costs.

And the reality was I only put 20% down plus closing costs.

At 3 years none of the costly items have hit their end of life.  

We currently work with many clients who do Cost Segs and using that STR loophole!

The market between the 2 locations & resident class (Especially if you plan to self mange or find a PM company), Your future goals and the costs associated with moving and transferring to a new hospital. 

Anything you do remote will come at a cost of operational inefficiencies and a higher cost of doing business.