Even out of my local area/state? 

Therefore, the only patients a nursing home like this could get is state Medicare, which does not pay enough to cover anything other than MARGINAL costs.  

I have liquid funds ready, but I want to make sure this is worth my time compared to the 5-6% cap rates I've seen on multifamily units in South Florida, which are close to what I already get from CDs and high-yield savings accounts without the hassle of property management.I'm also hesitant to invest out of state since I'm new to real estate and don’t want to make a costly mistake.

Active investor with multifamily investments and single family investments across 2 states.

Also, why do you state that you will pay more in taxes?

Now I am now setting my eyes on investing in Ohio since it is doing great in the investor world and I am very familiar with the state, particularly the Cleveland area. 

While wholesaling was recently outlawed in our state, which was a method I was familiar with, it's not the only investment strategy I utilize.Currently, I own 3 long-term rental properties out of state, and I'd be happy to discuss the BRRR (Buy, Rehab, Rent, Refinance) method or other creative investment approaches.  

Currently, I live in Hawaii, house hacking my own property, and am looking to expand into out-of-state long-term rentals.My goals now are to master the art of wholesaling, continue raising private money, and build a strong portfolio of long-term rentals.

Year-round road access can also vary, with some parcels only accessible seasonally.Market Trends: The Fairbanks real estate market is competitive, but when it comes to land it's not very competitive and the prices are still relatively affordable compared to other states, making it an attractive option for investors or builders.

Here’s the advice restructured into paragraphs for a forum post:---In an off-market deal, it’s important to understand that the broker typically doesn't owe you a fiduciary duty unless it's explicitly stated in the agreement.