I'm not sure where your market is but I could help look at land costs. we are trying to educate building to rent or building investment properties as a new strategy to just buying the garbage new builds around the country. this fits on lots as small as 3500 square feet. you'd have to check local zoning but if I had what you had that's what I'd do or at least look into it. 

Your education has cost you money, as education tends to.

Just to give you an education on the market -  the price of a good investment home in Phoenix is around $400K. 

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

I'd also like to plug Bigger Pockets because of what you said, but also because of the education you can get here on the website.  

It happens (more frequently with trump) DC is a land for renters, specifically geared for an influx of administration appointees and staff.

Most on the other hand are not responsible individuals, are not educated, do not work  which means they are going to be spending most of their time home causing additional wear and tear.

Inspections are more frequent. 

If you aren't familiar with or aren't paying attention to the FEMA 50% Rule...educate yourself on it.

A lot of education and a little bit of practice is something that one can accomplish with elbow grease.