These days you can find great, whole house listings to come visit NYC for a pittance -- a beautiful, brand new apartment for 7 for $125/night or your choice if stylish accommodations all close to transportation for 4 for under $100/night.

Best to stay close to public transportation.3) Read books, talk to other investors, network, listen to podcast and of course, Take Massive Action! 

They provide the same services as the main hospital and should a patient require hospitalization they will transport you to the hospital at no costs. 

The migration back to the cities transport hubs is only going to continue.  

I would suggest looking in areas that are in close proximity to hospitals, universities, and transportation hubs.

@Wesley Sherow a very real concern that is not mentioned is the scope and eventual cost of the total rehab.One of the most challenging projects I ever did was a rehab that converted a 100-year old five story concert building on Seattle’s waterfront to a storage facility.It was built and served as an ice plant that produced blocks of ice that was loaded in ships holds to transport food stuff to other parts of the world.This project and any major rehab of an OLD building carries much greater risk than one designed from scratch.In essence, the entire building is a “hidden condition”, which gives the general and its subcontractors a very wide lane to discover and charge for many change orders to cover the surprises they find along the way.You would be wise to use higher estimates for known costs and add generous contingencies for the unknown ones you are apt to run into.

Are you on public transportation, near bike paths, in a walkable neighborhood?

TRAVEL,TRANSPORT, GROCERIES, WEATHER, NEIGHBORHOOD TO LIVE IN?

I usually do a combination of new/used.If being there yourself isn't an option, I think finding someone somewhat local or within a few hours driving distance (if they have capability to receive/transport items) is the most economical, but it will still cost you.

If you transported them to a state where the cost of living was very affordable they would have the same issues.